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Books > Business & Economics > Economics > Economic theory & philosophy
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Economic Policy: Theory and Practice (Hardcover, 2nd Revised edition)
Loot Price: R2,667
Discovery Miles 26 670
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Economic Policy: Theory and Practice (Hardcover, 2nd Revised edition)
Expected to ship within 10 - 15 working days
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Economic Policy provides a unique combination of facts-based
analysis, state-of-the art economic theory, and insights from
first-hand policy experience at the national and international
levels to shed light on current domestic and international policy
challenges. It is ideally suited for students, practitioners, and
scholars seeking understanding both of the pragmatic constraints of
real-world policy making and the analytical tools that enhance
inquiry and inform debates. The authors draw on their experiences
as academics and as policy makers in European and international
institutions to offer a deep dive into the rationale, design, and
implementation of economic policy across a range of policy domains:
fiscal policy, monetary policy, international finance, financial
stability, taxes, long-term growth and inequality. Highlighting the
ways experience, theories, and institutions interact, each chapter
starts with historical examples of dilemmas and shows how
theoretical approaches can help policy makers understand what is at
stake and identify solutions. The authors highlight the differences
between the positive approach to economic policy (how do policies
impact the economy), the normative approach (what should be
policymakers' objectives and against which criteria should their
action be judged), and the political-economy constraints (what are
the limits and obstacles to public intervention). They rely on the
most recent academic research, providing technical boxes while
explaining the mechanisms in plain English in the text, with
appropriate illustrations. This new edition is informed by such
important recent developments as the Great Recession, the strains
on the European Union and the Euro, the challenges of public and
private debt, the successes and setbacks to emerging markets,
changes to labor markets along with the increased attention to
inequality, the debates on secular stagnation and its implications
for conventional and unconventional monetary policy, the
re-regulation of the financial sector, the debt overhang in both
the public and the private sector.
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