This work sets out to show the state of macroeconomics at the end of the 20th century from three main perspectives: methodology, theory and economic policy. It is built on extensive conversations with some of the world's leading macroeconomists. These are based on wide questionnaires, covering jointly almost all the topics of macroeconomic theory, as well as questions of methodology, real economy, and even academic systems and future lines of research. Some of the questions have been put to all the respondents or many of them, with the aim of bringing out their different positions. References about authors and themes are also provided.

"Greece and Turkey" is a pioneering study of two neighboring nations at different stages of economic development. Gianaris thoroughly examines dominant characteristics of each country's economy and assesses developmental trends toward closer cooperation, not only between themselves but among other nations as well. He demonstrates that their history of conflict and mutual suspicion, especially over Cyprus, is now more counterproductive than ever--inhibiting important economic and geopolitical benefits to both countries. The volume is divided into three parts, beginning with an examination of the historical context within which the two economies developed. The next section describes each country's domestic economic problems, exploring issues such as resources and productivity, sectoral resource allocation, fiscal policies, monetary policy, and inflation. The final chapters address opportunities for cooperation between Greece and Turkey, and their relations with the EEC and with other nations.

In the late 1950s, the Filipino economy could reasonably have been described as more advanced than those of its South Asian neighbours. Ever since then, however, it has consistently lagged behind and only really started to grow strongly in the mid-1990s and even then it failed to achieve the growth rates of the rest of Southeast Asia ten years earlier.
This book critically analyses the Filipino economy and attempts to explain the problems that it has faced, as well as the solutions that need to be put into practice.
This accessible and comprehensive book will be of great use to students, academics and business professionals with an interest in the economies of Asia.

eBook available with sample pages: 0203169271

An understanding of price structures and their impact on trade, productivity, and other related factors will aid in formulation of price policies promoting economic growth and development. Price formulation issues are examined within the context of nonmarket and imperfect market conditions, providing insightful linking of exchange rates and domestic prices to a wide array of factors that determine economic growth. Different facets of primary commodity price formation are explored, arriving at such conclusions as the fact that the dramatic rise in oil prices during the 1970s had little to do with the Latin American debt crisis or with the world recession that followed. Some new techniques for analysis are used, and commonly used techniques in price comparison studies are discussed.

A distinguished international group of central bankers, commercial bankers, entrepreneurs, academic advisors, policymakers, and representatives of development finance organizations and donor agencies, brought together by KfW, examines in this book the future of financial sector development in Southeast Europe. They explore ways to strengthen the banking sector in Southeast Europe, further promote SMEs, and improve access to financial services in the region. Experts and decision-makers assess the opportunities and challenges presented by the EU accession process and Basel II, and offer candid insight into the expanding role of the private sector in developing the financial landscape. The perspectives presented in this book will prompt discussion and intellectual exchange that will serve as a new starting point for further successful cooperative initiatives.

Economic prospects for the countries of the Middle East and North Africa are assessed in light of the changing world economy, increasing integration of trade and financial markets, greater needs for educated labour, and growing concerns about poverty and environmental degradation. Cross-country papers on thematic topics by international scholars are presented. The need for major economic reforms is emphasized if the region is to use greater integration in the world economy as the basis for generating growth and jobs and reducing poverty.

The book presents the distributional consequences of the public sector. Examining both theoretically and empirically, both the effects of giovernment spending and taxation on personal distribution, i.e. on families and individuals and the relationship between the public sector and functional distribution of national income. Government expenditures are explored, asking who benefits from them, who from government transfer programs and who bears the tax burden?

The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. This set provides the definitive collection of materials on the origins of the discipline. Topics covered include: * the origins and background to the Keynesian revolution * American monetary thought * the development of open economy macroeconomics * the emergence of key concepts, including the multiplier and the accelerator. This collection includes over 130 pieces by some of the most important economists of the last century, including Keynes, Wicksell, Schumpeter, Kuznets, Ohlin, Fisher, Knight, Friedman, Samuelson, Hicks, Tinbergen and Koopmans. The set also draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field.

Public silence in policymaking can be deafening. When advocates for a disadvantaged group decline to speak up, not only are their concerns not recorded or acted upon, but also the collective strength of the unspoken argument is lessened - a situation that undermines the workings of deliberative democracy by reflecting only the concerns of more powerful interests. But why do so many advocates remain silent on key issues they care about and how does that silence contribute to narrowly defined policies? What can individuals and organizations do to amplify their privately expressed concerns for policy change? In "Healthy Voices, Unhealthy Silence", Colleen M. Grogan and Michael K. Gusmano address these questions through the lens of state-level health care advocacy for the poor. They examine how representatives for the poor participate in an advisory board process by tying together existing studies; extensive interviews with key players; and, an in-depth, first-hand look at the Connecticut Medicaid advisory board's deliberations during the managed care debate. Drawing on the concepts of deliberative democracy, agenda setting, and nonprofit advocacy, Grogan and Gusmano reveal the reasons behind advocates' often unexpected silence on major issues, assess how capable nonprofits are at affecting policy debates, and provide prescriptive advice for creating a participatory process that adequately addresses the health care concerns of the poor and dispossessed. Though exploring specifically state-level health care advocacy for the poor, the lessons Grogan and Gusmano offer here are transferable across issue areas and levels of government. Public policy scholars, advocacy organizations, government workers, and students of government administration will be well-served by this significant study.

Anyone who wants to understand stock market cycles and develop a focused, thoughtful, and solidly grounded valuation approach to the stock market must read this book. Bolten explains the causes and patterns of the cycles and identifies the causes of stock price changes. He identifies the sources of risks in the stock market and in individual stocks. Also covered is how the interaction of expected return and risk creates stock market cycles. Bolten talks about the industry sectors most likely to be profitable investments in each stage of the stock market cycles, while identifying the stock market bubble and sinkhole warning signs. The role of the Federal Reserve in each stage of the stock market cycle is also discussed.

All the categories of risk are identified and explained while no specific risk is left undiscussed. The underlying causes for long-term stock price trends and cycles are highlighted. The book is useful in many areas including stock analysis, portfolio management, cost of equity capital, financing strategies, business valuations and spotting profit opportunities caused by general economic and specific company changes.

A comprehensive exposition of rational expectations models is provided here, working up from simple univariate models to more sophisticated multivariate and non-linear models.

This book examines the life of John Maynard Keynes, explores his influential writings and theories, and assesses his legacy. Davidson looks at the life of Keynes leading up to the writing of his seminal General Theory, and traces the roots of this work in Keynes' early influences, as well as examining the General Theory in detail, and exploring how it differs from classical theory. The impact of Keynes's work on the economy postwar and up to the present day is also assessed.

New Tides in the Pacific includes essays by prominent scholars from different countries examining prospects for cooperation in the Pacific basin. The volume as a whole emphasizes the gradually emerging framework of cooperation between the countries of the Pacific, and reflects the slow but steady growth of the cooperative process. Attention is also paid to the conflicting elements.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

Contents:
1. Arestis, Desai and Dow On Chick's Life as an Academic
2. Claudio Sardoni On the Microeconomic Foundations of Macroeconomics: a Keynesian Perspective
3. Meghnad Desai The Nature of Equilibrium in Keynes's General Theory
4. Maria Cristina Marcuzzo From the Fundamental Equations to Effective Demand: 'Natural Evolution' or 'Change of View'?
5. Alexander C. Dow and Sheila C. Dow The Relevance of Historical Experience for Economics
6. Geoffrey M. Hodgson General Theorising versus Historical Specificity: a Problem for Post Keynesians
7. Roy J. Rotheim Timeful Theories, Timeful Theorists
8. Tony Lawson Mathematical Formalism in Economics: What Really is the Problem?
9. Jan Toporowski Mathematics as Natural Law: an Epistemological Critique of Formalism in Economics
10. Giuseppe Fontana and Bill Gerrard The Encompassing Principle as an Emerging Methodology for Post Keynesian Economics
11. Athol Fitzgibbons A Note on Non-Walrasian Macroeconomics
12. Suzanne W. Helburn Marshall and Keynes on Rational (Ethical) Economic Man
13. B. J. Loasby Cognition and Co-ordination
14. Donald Gillies and Grazia Ietto-Gillies Keynes's Notion of Causa Causans and its Application to the Globalization Process
15. Fabiana Santos and Marco Crocco Technology and the Need for an Aternative View of the Firm in Post Keynesian Theory
16. Ian Steedman Consumer Beliefs and a Possible Welfare 'Gain' from Monopoly
17. David Pearce The Political Economy of Economic growth and Environmental Protection
18. Carmen Aparecida Feijo Firms and Banks Interacting in a Monetary Production Economy
19. Adriana M. Amado The Regional Impact of the Internationalization of the Financial System: the Case of Mercosul
20. Jochen Runde Assessing Credit Worthiness and Small-Firm Bank Lending
21. P. A. Riach and J. Rich Women's Work or Work for Women?
22. Victoria Chick's Publications

The Central Asian republics represent the poorest area of the former Soviet Union and this book contains the first rigorous analysis of household living standards in the region. Part I deals with methodological issues of measuring household welfare in transition, Part II quantifies living standards in various ways, and Part III looks at support given by the state, firms, other households and NGOs - the 'mixed economy' of welfare provision. The book is characterised by analysis of newly available survey data.

Contents:
1. Frédérique Sachwald Emerging Multinational: the Main Issues
2. Françoise Nicolas A Case of Government-led Integration into the World Economy
3. Serge Perrin Korean Direct Investment in North America and Europe: Patterns and Determinants
4. Luis Miotti and Frédérique Sachwald Korean Multinationals' Strategies and International Learning
5. Serge Perrin The Internationalization of Korean Electronics Firms: Domestic Rivalry and Tariff-Jumping
6. Marc Lautier The International Development of the Korean Automobile Industry
7. Kong-Rae Lee Technological Catching-up through Overseas Direct Investment: Samsung's Camera Business
8. Alice Amsden, René Belderbos, John Cantwell, Byungki Ha, Pierre Jacquet, Randall Jones, Bruce Kogut and Lynn Mytelka Discussion
9. Frédérique Sachwald Globalization and Korea's Development Trajectory: the Roles of Domestic and Foreign Multinationals