Coordination and Growth

Coordination and Growth: Essays in Honour of Simon K. Kuipers, addresses a rich variety of coordination issues in macroeconomics. It contains detailed studies in economic policy, monetary economics, and growth theory and uses various methodologies to address the coordination issue: from a pure theoretical to an empirical econometric approach. It is stressed that modern macroeconomics should focus on coordination issues. Imperfections of various kinds are likely to lead to coordination failures, which can lead to large welfare losses. Macroeconomists should address the causes and implications of imperfections and failures. In this book attempts are made to increase our knowledge in this field.
The book is a tribute to one of the leading Dutch macroeconomists, Simon K. Kuipers. Simon Kuipers shows a major interest in the theory of capital (following e.g. Harrod), growth theory (following Solow), monetary theory (following Tobin), and disequilibrium theory (following Malinvaud and Benassy). The lines of thought have in common that they use frictions to explain the functioning of a market economy. The nature of the frictions varies from pure quantity rationing, like in the Malinvaud analysis, to imperfect substitution of various capital goods (like in the vintage models or assets (in the general monetary equilibrium models proposed by Tobin). Kuipers is not only interested in pure theoretical contributions, he also stimulates econometric work in line with the Dutch tradition initiated by Tinbergen. His applied work relates to policy analysis and policy prescriptions in many fields, ranging from monetary economics to distortions in the labour market. Kuipers can be classified as a true Keynesian, although he admires neoclassical theory for its rigour and compactness. Better still, he is an eclectic economist with an open eye for the different schools of thought in macroeconomics.

Addresses a variety of coordination issues in macroeconomics. This book contains studies in economic policy, monetary economics, and growth theory and uses various methodologies to address the coordination issue. It is a tribute to the Dutch macroeconomist, Simon K Kuipers.

1. Introduction; G.H. Kuper, et al. 2. Simon Kuipers: An Economist in Search of Rigour and Relevance Reprint from De Economist 146(1); M.M.G. Fase, Th. van de Klundert. Part I: Theoretical Issues in Coordination. 3. The Civil Society: Can It Last? Th. van de Klundert, F. van der Lecq. 4. Coordination and Communication; P. Keizer. Part II: Economic Policy. 5. Wage Cost Moderation and Employment Growth in the Netherlands; B.B. Bakker. 6. From a Job-Rights to a Job-Search Labour Market in Poland and Hungary; J. van Dijk, R. Dorenbos. 7. European Tax Coordination in the 21st Century: A Brief Inquiry; S. Cnossen, et al. 8. The `New' Versus the `Old' Economy Debate: How Old Laws Rule New Paradoxes; A. van Witteloostuijn. Part III: Monetary Economics and Policy. 9. Money and Trust; H. van Ees, E. Sterken. 10. Overconfidence in Monetary Theory and Monetary Policy; S. Brakman, et al. 11. Monetary Policy Rules for EMU; M.M.G. Fase. 12. Credit Demand Asymmetry in the Netherlands 1983-1997; J. Jacobs, J. Kakes. Part IV: Economic Growth. 13. Limits-to-Growth Theory; R. Gerlagh, M.A. Keyzer. 14. Skill Biases in Employment Opportunities and Income Perspectives: Should We Try to Shake the Invisible Hand? A. van Zon, J. Muysken. 15. Some Observations on Recent Growth Theory; A. Heertje. 16. Identifying Regimes for the Netherlands in the 19th Century; N. Brunia, G.H. Kuper.Publications of Simon K. Kuipers. PhDs supervised by Simon K. Kuipers.