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Economic Analyses Using the Overlapping Generations Model and General Equilibrium Growth Accounting for the Japanese Economy

by Mitoshi Yamaguchi & Tomoko Kinugasa

This unique book contains novel and in-depth research regarding economic development in Japan. The authors examine economic development in Japan from both theoretical and empirical perspectives. Using general...


Economic Analyses Using the Overlapping Generations Model and General Equilibrium Growth Accounting for the Japanese Economy: Population, Agriculture

by Mitoshi Yamaguchi & Tomoko Kinugasa

This unique book contains novel and in-depth research regarding economic development in Japan. The authors examine economic development in Japan from both theoretical and empirical perspectives. Using general...


The Macroeconomic Environment of Business: Core Concepts and Curious Connections

by Maurice D Levi

If you always thought that macroeconomics was too complex and theoretical to understand, this book is the perfect introduction to the subject. The Macroeconomic Environment of Business provides a clear understanding...


Central Bank Financial Strength in Central America and the Dominican Republic

by Andrew Swiston & Florencia Frantischek

This paper examines the financial strength of central banks in Central America and the Dominican Republic (CADR). Some central banks are working off the effects of intervention in distressed financial institutions...


Development of the Renminbi Market in Hong Kong Sar: Assessing Onshore-Offshore Market Integration

by R. Sean Craig & Changchun Hua

Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this...


Temporary Equilibrium and Long-Run Equilibrium

by Willem H. Buiter

This title, first published in 1979, presents the Ph.D. thesis of the world-renowned economist and financial expert, Willem Buiter. In Part I, three alternative specifications of temporary equilibria in asset...


Monetary Policy Coordination and the Role of Central Banks

by Rakesh Mohan & Muneesh Kapur

The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates....


Pragmatic Capitalism

by Cullen Roche

Being successful in the modern world of finance requires a more in-depth understanding of our global economies on a macro level. What does a shifting demographic cycle mean? How does the explosive growth of...


Technological Change and Network Effects in Growth Regimes: Exploring the Microfoundations of Economic Growth

by Torsten Heinrich

In this new volume it is argued that network effects are much more common than usually assumed, and that they have a profound impact on many aspects of economic systems, especially technological change and economic...


Social Capital and Economics: Social Values, Power, and Social Identity

by Asimina Christoforou & John B. Davis

This volume provides a collection of critical new perspectives on social capital theory by examining how social values, power relationships, and social identity interact with social capital. This book seeks...


Cross-Border Mergers and Acquisitions: UK Dimensions

by Moshfique Uddin & Agyenim Boateng

Cross-border mergers and acquisitions (CBM&As) activity has become an important vehicle for firms' internationalization and corporate restructuring over the past three decades. Despite the huge volume of global...


India: Defining and Explaining Inclusive Growth and Poverty Reduction

by Rahul Anand & Volodymyr Tulin

We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. Robust economic...


Income Disparity in China: Crisis within Economic Miracle

by Dianqing Xu & Xin Li

China has achieved remarkable economic success in the past three decades and has become the second-largest economy in the world after the United States. However, accompanying this rapid economic growth is an...


Exchange Rates and Global Financial Policies

by Paul De Grauwe

Exchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decades. Drawing inspiration from behavioural finance literature,...


Quantitative Easing as a Highway to Hyperinflation

by Imad A Moosa

This book addresses the topical issue of whether the current environment in the US and other major countries, where quantitative easing is used to boost the economy, is conducive to the emergence of hyperinflation....


Economic Policy Coordination in the Euro-Area

by Armin Steinbach

The European debt crisis has given new impetus to the debate on economic policy coordination. In economic literature, the need for coordination has long been denied based on the view that fiscal, wage and monetary...


Regional Economic Outlook, April 2014: Sub-Saharan Africa: Fostering Inclusive Growth

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...


IMF-Supported Programs in Low Income Countries: Economic Impact Over the Short and Longer Term

by Christian Mumssen & Yasemin Bal-Gunduz

This paper studies the short and longer-term impact of IMF engagement in Low-Income Countries (LICs) over nearly three decades. In contrast to earlier studies, we focus on a sample composed exclusively of LICs...


Global Economic Issues and Policies

by Joseph P. Daniels & David D. VanHoose

This introduction to all aspects of international economics, public policy, business, and finance is the clearest guide available to the economics of the world we live in. Written in a highly engaging style,...


Assessing Bias and Accuracy in the World Bank-IMF's Debt Sustainability Framework for Low-Income Countries

by Andrew Berg & Enrico Berkes

The World Bank and the IMF have adopted a debt sustainability framework (DSF) to evaluate the risk of debt distress in Low Income Countries (LICs). At the core of the DSF are empirically-based thresholds for...