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What Makes a Terrorist

by Alan B. Krueger

Why we need to think more like economists to successfully combat terrorism

If we are to correctly assess the root causes of terrorism and successfully address the threat, we must think more like economists do....

Liberalism in Illiberal States

by Mark I. Vail

After the end of the Cold War, liberalism emerged as the world's dominant political-economic ideology, and economic liberalism seemed to have achieved global hegemony. In Liberalism in Illiberal States, Mark...

Economic and Legal Foundations of Modern Russian Society:  A New Institutional Theory

by Elena G. Popkova

Modern societies develop very quickly. However, along with rapid economic growth, comes risk to the economic system. That is why there is a need for study of the institutional base on which modern society is...

Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump

by Joseph E. Stiglitz

An International Bestseller

"Accessible, provocative, and highly readable." —Alan Cowell, New York Times

In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize...

Economics and Liability for Environmental Problems

by Kathleen Segerson

This title was first published in 2002. This convenient reference brings together notable contributions examining all aspects of the liability for environmental accidents. Articles included in the Part I of...

Basics First

by Sema Dube & Manu Dube

Basics First introduces an innovative way of thinking about money. Sema and Manu Dube argue that we do away with regulations, allow people to travel wherever they want and trade freely. Simple enough, but trade...

Crisis in the European Monetary Union: A Core-Periphery Perspective

by Giuseppe Celi, Andrea Ginzburg & Dario Guarascio

After decades of economic integration and EU enlargement, the economic geography of Europe has shifted, with new peripheries emerging and the core showing signs of fragmentation. This book examines the paths...

Finance & Development, December 2017

Former Yugoslav Republic of Macedonia

by International Monetary Fund. Euro Dept.

The prolonged political uncertainty has taken a toll on economic growth, with investment suffering because of weak sentiment. With the formation of the new government, policies should now focus on rebuilding...

Trinidad and Tobago

Trinidad and Tobago

by International Monetary Fund. West Dept.

Continued low energy prices and three years of recession have significantly widened fiscal deficits. Absent consolidation, fiscal balances and public debt are projected to be on an unsustainable medium-term...


by International Monetary Fund. Afri Dept.

Lingering effects of the Ebola epidemic and the commodity price decline and the withdrawal of the United Nations Mission in Liberia (UNMIL) are delaying the economic recovery. Growth is below expectations, while...


by International Monetary Fund. Euro Dept.

Sweden's economy continues to perform well, yet wage rises and inflation remain low. Growth of just over 3 percent is expected in 2017, with job creation running at over 2 percent, and underlying inflation around...


by International Monetary Fund. Department

Nonperforming loans (NPLs) have risen and private sector credit growth has turned negative, due to the severe pressures of 2015-16. The pressures included slower economic growth, sharply lower copper prices,...


How Should Shale Gas Extraction Be Taxed?

by Philip Daniel & Alan Krupnick

This paper suggests that the environmental and commercial features of shale gas extraction do not warrant a significantly different fiscal regime than recommended for conventional gas. Fiscal policies may have...

Bank Capital and Lending: An Extended Framework and Evidence of Nonlinearity

by Mario, Mr. Catalan & Alexander W. Hoffmaister

This paper studies the transmission of bank capital shocks to loan supply in Indonesia. A series of theoretically founded dynamic panel data models are estimated and find nonlinear effects of capital on loan...

LAO P.D.R.: Assessing the Quality of Trade Statistics

by Geoffrey J, Mr. Bannister & Manuk, Mr. Ghazanchyan

This paper assesses external trade statistics in Lao PDR by looking at mirror statistics, and with reference to international experience in compilation and dissemination of external trade data. We find that...

Booms, Crises, and Recoveries: A New Paradigm of the Business Cycle and its Policy Implications

by Valerie, Ms. Cerra & Sweta Chaman, Ms. Saxena

All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual...

The Sectoral Effects of Real Depreciations in Latin America

by Sergi, Mr. Lanau

This papers explores the effects of real exchange rate depreciations on growth across sectors, identifying export, cost, and import-penetration channels. It tests the existence and magnitude of these channels...