This volume focuses on the macroeconomic consequences of microeconomic rigidity in the markets for goods or services, and the reforms necessary to create economic dynamism. It looks at how market structure, competition policy, over-regulation and collusive behaviour can influence macroeconomic performance. The Netherlands, Germany, New Zealand and Australia are used as examples to show how economic policies designed to provide greater flexibility can be analyzed. As well as practical policy matters, the authors deal with theoretical issues of how to determine price rigidities and their...