Leszek Balcerowicz, professor at the Warsaw School of Economics, examines the state of the euro zone and the European economy and makes concrete suggestions for better monetary policy, fiscal strategy, structural reform and budget consolidation
“One of capitalism’s achievements is to turn unemployment into perhaps the hardest work of all. Such is the startling argument of Flawed System / Flawed Self, which compares the work of re-entering the labor force in the US and Israel and the toll it takes on the individual. A brilliant analysis of how we get sucked up into games of self-deception.”--Michael Burawoy, University of California, Berkeley
"Serious scholarship on central banking has burgeoned in recent years, thanks in no small measure to the authors represented in this timely volume. Because it arrives just as the challenges to central banking are reaching unprecedented heights, every student of central banking should keep a copy handy."-- Alan S. Blinder, Princeton University
This book examines the role and influence of deliberation in US monetary policy in two institutional settings - the decision making body itself (the Federal Open Market Committee) and the congressional oversight committees (House and Senate) over the period of the Great Inflation of the 1970s through the early days of the recent financial crisis.
"Much of the book is devoted to examining the generalizations and extensions of the basic MG idea ... essential reading for those who wish to gain a deep understanding of this idea. " - Dean Rickles, Studies in History and Philosophy of Modern Physic
New micro-level data sets allow better testing of existing and new hypotheses on how banks operate in the often challenging environment of emerging markets. This column introduces an eBook that reports on the findings of a recent conference in London on using different research methodologies and data sources in banking research.
"A large literature asks what China can learn from the advanced countries as it continues to develop. Here Justin Yifu Lin turns the tables and asks what the advanced countries can learn from China, including on questions like the need for infrastructure spending in recovery from the crisis. Who better?"-- Barry Eichengreen, University of California, Berkeley
"Credible commitment is fundamental to finance. This volume of excellent essays by financial historians explores the salient institutional theories about the development of credible commitment. In doing so, it illuminates a watershed period in the emergence of the modern economy."-- William N. Goetzmann, Yale University
"This book lays out a convincing new perspective on the conditions behind the remarkable development of manufacturing in South Korea and Taiwan. The well documented argument is that in several of the industries where firms in these countries were very successful, technology at the frontier was going through a transition, with the technology coming in requiring a different set of skills and capabilities than the technology becoming obsolete. This diminished the advantage of the old industrial leaders and provided a window of opportunity for effective entry in these two economies. The story Keun Lee tells is fascinating and thought provoking."--Richard Nelson, Columbia University
"In this exciting new book some of the world's leading economists greatly expand the new field of the behavioural economics of public policy. From their insights we will have better governance on issues ranging from health care to disclosure practice to the environment."-- George A. Akerlof, University of California, Berkeley, and Nobel Laureate in Economics, 2001
The contributors discuss such topics as the transmission of exogenous shocks; causes of business cycle synchronicity; the differences between global and regional shocks; the South-South trade relationship and its effect on decoupling; vertical specialization and Mexico’s manufacturing exports; growth prospects in China, the United States, and Europe after the financial crisis; and the evolving role of the U.S. dollar in international monetary architecture.