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Selecting The Right Officials And The Need For A New Discipline On Macroeconomic Management

In: From the Global Financial Tsunami to the Property Bubbles in Asia The Need for a New Discipline on Macroeconomic Management

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  • Sau-Leung PAUL YIP

Abstract

In this chapter, the author will first explain (i) why most developing economies and some advanced economies failed to select the right people in the key macroeconomic positions, (ii) how heavy such mistakes had cost these economies and (iii) how a proper selection procedure could help avoid these heavy costs. Thereafter, he will discuss some more lessons for macroeconomic management, and explain why it is necessary and important to develop macroeconomic management as a new discipline in economics.

Suggested Citation

  • Sau-Leung PAUL YIP, 2019. "Selecting The Right Officials And The Need For A New Discipline On Macroeconomic Management," World Scientific Book Chapters, in: From the Global Financial Tsunami to the Property Bubbles in Asia The Need for a New Discipline on Macroeconomic Management, chapter 7, pages 181-205, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814623698_0007
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    More about this item

    Keywords

    Asset Bubble; Asset Inflation; Economic Crisis; Global Financial Tsunami; Global Financial Crisis; European Debt Crisis; Asian Financial Crisis; Property Market; Stock Market; Macroeconomic Policies; Asia; Housing Policy;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • D00 - Microeconomics - - General - - - General

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