Table of Contents

Openness, wage restraint and macroeconomic stability - West Germany's road to prosperity 1948-1959, H. Giersch et al; the lucky miracle - Germany 1945-1951, H. Wolf; inflation and stabilization in Italy 1946-1951, M. De Cecco and F. Giavazzi; economic reconstruction in France 1945-1958, G. Saint-Paul; reconstruction and the UK postwar welfare state - false start and new beginning, P. Minford; a perspective on post-war reconstrction in Finland, J. Paunio; the reconstruction and stabilization of the postwar Japanese economy, K. Hamada and M. Kasuya; the Marshall plan - history's most successful structural adjustment programme, J.B. De Long and B. Eichengreen; lessons for Eastern Europe today, O. Blanchard et al.

About the Author

The late Rudiger Dornbusch was Professor of Economics at the Massachusetts Institute of Technology. Wilhelm Nolling is President of the Landeszentral Bank in Hamburg, Germany. Richard Layard is Director of the Centre for Economic Performance at the London School of Economics.