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Appraising Credit Ratings: Does the Cap Fit Better Than the Roc?

by Marco Airaudo & Luis-Felipe Zanna

We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the nominal interest...


Capital Inflows, Financial Development, and Domestic Investment: Determinants and Inter-Relationships

by Maxwell Opoku-Afari & Shiv Dixit

This paper uses a set of routinely collected high-frequency data in low-income countries (LICs) to construct an aggregate and a comprehensive index of economic activity which could serve (i) as a measure of...


Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data

by Michael Debabrata Debabrata Patra & Muneesh Kapur

This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996-2011 using quarterly data, with a view to analytically informing...


Monetary Policy Transmission in the Gcc Countries

by Raphael A. A. Espinoza & Ananthakrishnan Prasad

The GCC countries maintain a policy of open capital accounts and a pegged (or nearly-pegged) exchange rate, thereby reducing their freedom to run an independent monetary policy. This paper shows, however, that...


Country Stress Events: Does Governance Matter?

by Shaun K. K. Roache

Shocks to aggregate activity in China have a significant and persistent short-run impact on the price of oil and some base metals. In contrast, shocks to apparent commodity-specific consumption (in part reflecting...


Poverty and the Policy Response to the Economic Crisis in Liberia: A Strategic Guide for the Institutionalization of National Health Accounts

by Quentin Wodon

Despite substantial progress towards peace, economic growth, and better governance since 2003, Liberia remains one of the poorest countries in the world. The objective of this study is twofold. First it is to...


Natural Law, Economics and the Common Good: Perspectives from Natural Law

by Samuel Gregg & Harold James

In the wake of the financial crisis of 2008 and ongoing debt-related troubles there have been widespread calls to put banking and economic activity on a secure ethical foundation, either by regulation or through...


The Economics of Biodiversity Conservation: Valuation in Tropical Forest Ecosystems

by K.N N Ninan

Economic valuation of biodiversity and ecosystem services is possibly the most powerful tool for halting the loss of biodiversity while maintaining incomes and livelihoods. Yet rarely have such approaches been...


Beyond the Global Crisis: Structural Adjustments and Regional Integration in Europe and Latin America

by Lionello F. F. Punzo, Carmem Aparecida Aparecida Feijo & Martin Puchet Puchet Anyul

The book aims at offering a comparative, multi-perspective analysis of the different, at times parallel, at times with varying degrees of interdependence, macroeconomic and structural adjustments in the two...


China's Climate Policy

by Gang Chen

To understand China's climate change policy is not easy, as the country itself is a paradox actor in global climate political economy: it used to take very suspicious stand on the scientific certainty of climate...


Building a More Resilient Financial Sector: Reforms in the Wake of the Global Crisis

by Aditya Narain & Inci Ötker

The IMF, with the Bank for International Settlements and the Financial Stability Board, has been at the forefront of discussions on reform of the global financial system to reduce the possibility of future crises,...


Edexcel A2 Economics Student Unit Guide (New Edition): Unit 4 The Global Economy

by Quintin Brewer

Written by a senior examiner, Quintin Brewer, this Edexcel A2 Economics Student Unit Guide is the essential study companion for Unit 4: The Global Economy:

  • clear guidance on the content of the unit, with topic...


Edexcel A2 Economics Student Unit Guide (New Edition): Unit 3 Business Economics and Economic Efficiency

by Marwan Mikdadi & Rachel Cole

Written by Marwan Mikdadi and revised by a senior examiner, Rachel Cole, this Edexcel A2 Economics Student Unit Guide is the essential study companion for Unit 3: Economics and Economic Efficiency:

  • clear guidance...


Macroeconomic Theory: A Dynamic General Equilibrium Approach (Second Edition)

by Michael Wickens

Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects...


Regional Development in Northern Europe

by Mike Danson & Peter de Souza

This book draws on work from across northern Europe and is parallel and complementary to the network itself. By establishing an intellectual and practically orientated framework and platform, and by bringing...


Forests and Development: Local, National and Global Issues

by Philippe Delacote

This book is a fully up to date study of the major issues facing forest conservation and the forestry industry, which considers developments at local, national and global levels. Environmental and development...


Limits to Privatization: How to Avoid Too Much of a Good Thing - A Report to the Club of Rome

by Marianne Beishem, Oran R R Young & Ernst Ulrich Ulrich von von Weizsacker

Limits to Privatization is the first thorough audit of privatizations from around the world. It outlines the historical emergence of globalization and liberalization, and from analyses of over 50 case studies...


Selling Forest Environmental Services: Market-Based Mechanisms for Conservation and Development

by Joshua Bishop & Stefano Pagiola

The risks posed by forest destruction throughout the world are highly significant for all. Not only are forests a critical source of timber and non-timber forest products, but they provide environmental services...


The Accumulation of Freedom: Writings on Anarchist Economics

by Anthony Nocella II, Deric Shannon & John Asimakopoulos

Who says economic science is dismal? Anarchists investigate an economics beyond capitalism.


Freedom and Happiness in Economic Thought and Philosophy: From Clash to Reconciliation

by Ragip Ege & Herrade Igersheim

Starting from a distinction made by the American philosopher, John Rawls, in 2000 between two kinds of liberalism, "liberalism of freedom" and "liberalism of happiness", this book presents a range of articles...