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Books > Business & Economics > Finance & accounting > Finance > Public finance
Applied Macroeconomics for Public Policy applies system and control
theory approaches to macroeconomic problems. The book shows how to
build simple and efficient macroeconomic models for policy
analysis. By using these models, instead of complex multi-criteria
models with uncertain parameters, readers will gain new certainty
in macroeconomic decision-making. As high debt to GDP ratios cause
problems in societies, this book provides insights on improving
economies during and after economic downturns.
Improving nutrition requires a multisectoral effort, which
complicates the task of determining basic information, such as how
much is being spent and on what. This book presents the key
elements of a Nutrition Public Expenditure Review (NPER) and offers
guidance and practical considerations, drawing upon good practices
from past NPERs.
The maintenance of financial stability is a key objective of
monetary policy, but the record of regulators in achieving this has
been lamentable in recent years. This failure has been matched by
an equivalent inability to establish an appropriate theoretical
basis for financial regulation. In this book, the authors
demonstrate how to enhance the theory, modeling and practice of
such regulation. The main determinant of financial instability is
the default of financial institutions. The authors highlight the
importance of the appropriate incorporation of default into
macro-financial models and its interaction with liquidity. Besides
covering the historical development and current stance of financial
regulation, the book includes a number of policy-oriented chapters
revealing how the authors' modeling approach can improve the
process. This authoritative book will serve as a basis for future
work on financial stability management for both academics and
policy makers and provide guidance on how to undertake crisis
prevention and resolution.
In Progress and Poverty, economist Henry George scrutinizes the
connection between population growth and distribution of wealth in
the economy of the late nineteenth century. The initial portions of
the book are occupied with refuting the demographic theories of
Thomas Malthus, who asserted that the vast abundance of goods
generated by an economy's growth was spent on food. Consequently
the population rises, keeping living standards low, poverty
widespread, and starvation and disease common. Henry George had a
different attitude: that poverty could be solved and economic
progress preserved. To prove this, he draws upon decades of data
which show that the increase in land prices restrains the amount of
production on said land; business owners thus have less to pay
their workers, with the result being mass poverty especially within
cities.
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