"Understanding the changing role of central banks and the policies they pursue is absolutely essential for analysing a wide range of economic and political issues, from the Eurozone crisis right through to the US presidential election. This book features contributions by many of the world's...

Kai Daniel Schmid nimmt eine integrierte stabilitätstheoretische Analyse der Zinspolitik vor, welche die Anpassungen der Produktionskapazität an Veränderungen der Güternachfrage berücksichtigt. Der Autor zeigt auf, inwiefern kurzfristige Zinsimpulse auch in der langen Frist...

This study investigates whether the common monetary policy by the European Central Bank leads to asymmetric macroeconomic developments in the EU member countries. Several theoretical models of monetary unions are developed to assess how differences in particular channels of transmission...

and Summary -- I. A re-examination of the state of growth and stabilization theories -- 1. Second Thoughts on Growth Theory -- 2. The State of Macroeconomics -- 3. The Rich Country-Poor Country Problem: From the Eighteenth to the Twenty-First Centuries -- II. Innovations in financial markets and...

Inventory changes constitute in all countries a small fraction of the Gross National Product but also a major source or an indicator of cyclical fluctuations. In this volume both possible ways of propagation are investigated by examining in the first part what macroeconomists have learned and...