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The Great Divergence: America's Growing Inequality Crisis and What We Can Do about It

by Timothy Noah

A dynamic, brilliant exploration of income inequality in America, and the dangers it poses to our democracy, based on Timothy Noah's award-winning articles from Slate.


Sustainable Resource Use: Institutional Dynamics and Economics

by Silva Larson & Alex Smajgl

The way that humans organize both resource access and resource use is vital to the management of natural resources. Within different contexts, institutional arrangements (such as the rules of common and private...


Economic Consequences of Globalization: Evidence from East Asia

by Shujiro Urata, Hee Hahn Hahn Chin & Dionisius Narjoko

Economists have long recognized the gains from international trade. The question is, does international trade - or more broadly, globalization - increase growth? Notwithstanding the debates, there are still...


It Performance Management

by Peter Wiggers, Maritha de Boer-de de Boer-de Wit & Henk Kok

IT Performance Management addresses the way organizations should balance the demand and the supply of information technology, optimizing the cost and maximizing the business value of IT.

In this book several...


Services Marketing Management

by Peter Mudie & Angela Pirrie

Services Marketing Management builds on the success of the previous editions, formally entitled 'The Management and Marketing of Services', to provide an easily digestible approach to the service industry with...


The Future of Helium as a Natural Resource

by William J. J. Nuttall, Richard Clarke & Bartek Glowacki

The book reveals the changing dynamics of the helium industry on both the supply-side and the demand-side. The helium industry has a long-term future and this important gas will have a role to play for many...


Social Costs Today: Institutional Analyses of the Present Crises

by Wolfram Elsner, Pietro Frigato & Paolo Ramazzotti

This book deals with the current crises from a somewhat different the usual perspectives. It claims that causes and policy implications of these crises cannot be properly assessed by focusing on allocative efficiency...


Credit Growth and the Effectiveness of  Reserve Requirements and Other Macroprudential Instruments in Latin America

by Camilo Ernesto Tovar Mora & Mercedes Garcia Escribano

Over the past decade policy makers in Latin America have adopted a number of macroprudential instruments to manage the procyclicality of bank credit dynamics to the private sector and contain systemic risk....


Public Investment, Growth, and Debt Sustainability: Putting Together the Pieces

by Edward F. Buffie & Andrew Berg

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation;...


Intra-Regional Spillovers in South America: Is Brazil Systemic After All?

by Gustavo Adler & Sebastian Sosa

Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for policy-makers in other countries of the region. This paper studies the importance of Brazil’s...


What's in It for Me? a Primer on Differences Between Islamic and Conventional Finance in Malaysia

by Olga Krasicka & Sylwia Nowak

What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our...


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.