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Fiscal Foresight and Information Flows

by Eric M. Leeper & Todd B. Walker

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the...


How Effective Is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

by Prachi Mishra & Peter Montiel

This paper surveys the evidence on the effectiveness of monetary transmission in low-income countries. It is hard to come away from this review with much confidence in the strength of monetary transmission in...


Local Governments' Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries

by Ernesto Crivelli

Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with liberalization, privatization, and stabilization reforms. Theory predicts that decentralization...


The Relationship Between the Foreign Exchange Regime and Macroeconomic Performance in Eastern Africa

by Janet Gale Stotsky & Manuk Ghazanchyan

This study examines the relationship between the foreign exchange regime and macroeconomic performance in Eastern Africa. The study focuses on seven countries, five of which decisively liberalized their foreign...


Inflation and Income Inequality:  Is Food Inflation Different?

by James P Walsh & Jiangyan Yu

There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature assessing the effect of rising food prices on the poor. This paper attempts to combine these...


Systemic Risk and Asymmetric Responses in the Financial Industry

by Germán López Espinosa & Antonio Moreno

To date, an operational measure of systemic risk capturing non-linear tail comovement between system-wide and individual bank returns has not yet been developed. This paper proposes an extension of the so-called...


The Economics of Public Health Care Reform in Advanced and Emerging Economies

by Benedict J. Clements & David Coady

Health care reform will be a key fiscal policy challenge in both advanced and emerging economies in coming years. In the advanced economies, the health sector has been one of the main drivers of government expenditure,...


Owning Our Future: The Emerging Ownership Revolution

by Marjorie Kelly

What is the alternative to an economic system repeatedly battered by financial hurricanes? Reporting from around the world, veteran business journalist Marjorie Kelly finds the answer in emerging new forms of...


The Trouble with Markets: Saving Capitalism from Itself

by Roger Bootle

A trenchant, topical, and thought-provoking exploration of both our economic future and the future of the market system itself.


The Little Book of the Shrinking Dollar: What You Can Do to Protect Your Money Now

by Addison Wiggin

With the weakening dollar a hot topic for retirees, savers, and investors, this Little Book delves into the economic turmoil in the U.S. and shows how to survive it

The United States dollar is losing value at...


The Locavore's Dilemma: In Praise of the 10,000-mile Diet

by Pierre Desrochers & Hiroko Shimizu

A feisty, scrupulously-researched deconstruction of the “eat local” ethos—and how it distracts us from solving serious global food issues


The Global Economic Crisis and the Developing World: Implications and Prospects for Recovery and Growth

by Ashwini Deshpande & Keith Nurse

The world economy is currently in the throes of a global economic crisis reminiscent of the great depressions of the 1930s and the 1870s. As back then, the crisis has exposed the major structural imbalances...


Managerial Economics, 4th Edition

by Ivan Png

Now in its fourth edition, Ivan Png's Managerial Economics has been extensively revised with

 ** A completely new introductory chapter emphasizing decision-making and behavioral biases,

 ** Intensive application...


Sustainability: Duty or Opportunity for Business?

by Michael Norton

Businesses are expected to act sustainably; it is also in both societal and their interests if businesses seek and grasp opportunities to develop more sustainable products or services. Leading international...


Economics DeMYSTiFieD

by Melanie Fox & Eric Dodge

All the information you need-quick, easy, and ON THE MONEY

ECON. Do these letters make you sweat? You're not alone. From college freshmen to PhD students, economics tops the list of panic-inducing classes.

But...


The Last Hunger Season: A Year in an African Farm Community on the Brink of Change

by Roger Thurow

The story of a group of Kenyan farmers working to transcend lives of dire poverty and hunger illuminates the challenges, and vital necessity, of transforming Africa’s agriculture sector


Regional Economic Outlook, April 2012: Sub-Saharan Africa

by International Monetary Fund

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic...


Handbook on International Political Economy

by RALPH PETTMAN

International political economy (IPE) is a highly complex discipline, drawing not only from the fields of politics and economics, but also those as varied as philosophy, history and anthropology. Now widely...


Robust Mechanism Design: The Role of Private Information and Higher Order Beliefs

by DIRK BERGEMANN & Stephen Morris

Foreword by Eric Maskin (Nobel Laureate in Economics, 2007)

This volume brings together the collected contributions on the theme of robust mechanism design and robust implementation that Dirk Bergemann and Stephen...


The Standard of Living and Revolutions in Imperial Russia, 1700-1917

by Boris Mironov & Gregory Freeze

This is the first full-scale anthropometric history of Imperial Russia (1700-1917). It mobilizes an immense volume of archival material to chart the growth, weight, and other anthropometric indicators of the...