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Utilitarianism

by John Stuart Mill

The creed which accepts as the foundation of morals, Utility, or the Greatest Happiness Principle, holds that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce...


Smart Money: How High-Stakes Financial Innovation is Reshaping Our World¿For the Better

by Andrew Palmer

Six years after the financial crisis, investment bankers remain villains in the public mind. But as Economist editor Andrew Palmer reveals in Smart Money, this vilified industry is capable of doing great good...


The Globalization of Inequality

by François Bourguignon & Thomas Scott-Railton

In The Globalization of Inequality, distinguished economist and policymaker François Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard...


Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

by John Tamny

John Tamny uses entertaining stories from sports, movies, popular culture, and famous businesses to explain the basic principles of economics. His Dollars and Sense is an everyman’s guide to how money really...


Sharing in the Success of the Digital Economy: A Progressive Approach to Radical Innovation

by Robert D. Atkinson, Michael McTernan & Alastair Reed

This book brings together political and economic experts to make the case for the progressive power of innovation and the digital economy in enabling societies to cope with new challenges.


The Locust and the Bee: Predators and Creators in Capitalism's Future

by Geoff Mulgan

The recent economic crisis was a dramatic reminder that capitalism can both produce and destroy. It's a system that by its very nature encourages predators and creators, locusts and bees. But, as Geoff Mulgan...


Frontier and Developing Asia:The Next Generation of Emerging Markets

by Alfred Schipke

Frontier economies are receiving increasing attention from policymakers, investors, and academics. Compared with other low-income countries they have experienced rapid growth over the last two decades, giving...


Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System

by Lawrence H. White, Viktor J. Vanberg & Ekkehard A. Kohler

Over 50 years ago, In Search of a Monetary Constitution, which focused on the need for constraints on the creation of money by the government, was published. Although overlooked at the time, the work's analysis...


It's The Economy, Stupid

by Vicky Pryce, Andy Rice & Peter Urwin

Pollsters are constantly worrying about our perceptions of politicians. What do their other halves look like? Who looks best when eating a bacon sandwich? Should they even be eating bacon sandwiches in the first...


Assessing China's Corporate Sector Vulnerabilities

by Mali Chivakul & Raphael W. Lam

This paper documents and assesses the risk stemming from rising corporate indebtedness in China using a firm-level dataset of listed firms. It finds that while leverage on average is not high, there is a fat...


Electronic Fiscal Devices (EFDs) An Empirical Study of their Impact on Taxpayer Compliance and Administrative Efficiency

by Peter Casey & Patricio Castro

Several administrations have adopted electronic fiscal devices (EFDs) in their quest to combat noncompliance, particularly as regards sales and the value-added tax (VAT) payable on sales. The introduction of...


Fiscal Multipliers in Ukraine

by Pritha Mitra & Tigran Poghosyan

Amid renewed crisis, falling tax revenues, and rising debt, Ukraine faces serious fiscal consolidation needs. Durable fiscal adjustment can support economic confidence and rebuild buffers but what is its overall...


Spillovers in the Nordic Countries

by Borislava, Miss Mircheva & Dirk Muir

Denmark, Finland, Norway, and Sweden form a tightly integrated region which has strong ties with the euro area as well as some exposure to Russia. Using the IMF’s Global Integrated Monetary and Fiscal model...


Investment Scaling-up and the Role of Government:the Case of Benin

by Matteo Ghilardi & Sergio Sola

This paper studies the fiscal implications for the Beninese economy of scaling up of public investment when the government is subject to inefficiencies on the spending and on the tax collection side. While scaling...


Growing (Un)equal:Fiscal Policy and Income Inequality in China and BRIC+

by Serhan Cevik & Carolina Correa-Caro

This paper investigates the empirical characteristics of income inequality in China and a panel of BRIC+ countries over the period 1980–2013, with a focus on the redistributive contribution of fiscal policy....


China:How Can Revenue Reforms Contribute to Inclusive and Sustainable Growth?

by Raphael W. Lam & Philippe Wingender

Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies, fiscal policy in China is less redistributive. Options for promoting more inclusive growth...


Playing by the Rules:Reforming Fiscal Governance in Europe

by Luc Eyraud & Tao Wu

The paper contributes to the discussions on fiscal governance in Europe. It takes stock of recent reforms, identifies areas for further progress, and discusses a menu of policy options for the medium-term. The...


Systems Dependability Assessment: Modeling with Graphs and Finite State Automata

by Jean-Fran?ois Aubry & Nicolae Brinzei

Presents recent developments of probabilistic assessment of systems dependability based on stochastic models, including graph theory, finite state automaton and language theory, for both dynamic and hybrid contexts....


The Flexible System of Global Models - FSGM

by Michal Andrle & Patrick Blagrave

The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural...


Catalytic Conversations: Organizational Communication and Innovation

by Ann C. Baker

In today's increasingly globalized world, it is essential that people of diverse ethnicities and socio-economic backgrounds learn to work together and communicate effectively. This book offers a breakthrough...