This book addresses major economic problems affecting the United States and proposes policy reforms to target them. The authors use a broad survey of economic research to conduct an evidence-based assessment of four economic issues affecting the US and other developed nations: slowing economic...

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality...

1. Overview -- Part I One-Sector Growth Models -- 2. Overlapping-Generations Model of Economic Growth -- 3. Fiscal Policy -- 4. Schooling and Fertility -- 5. A Complete One-Sector Neoclassical Growth Model -- Part II Two-Sector and Dual Economies -- 6.Two Sector Growth Models -- 7. Wage and...

Overview -- Overlapping-Generations Model of Economic Growth -- Fiscal Policy -- Schooling and Fertility -- A Complete One-Sector Neoclassical Growth Model -- Two Sector Growth Models -- Wage and Fertility Gaps in Dual Economies -- Physical Capital in Dual Economies -- A Complete Dual Economy --...

The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN’s financial integration and prospects. ASEAN integration could accelerate in the years ahead; it will...

Poor governance and endemic corruption hamper the efforts of some developing countries to attract foreign investment. Incentive schemes based on verifiable signals of varying costs and quality can be helpful in encouraging their governments to intensify corruption-control efforts. This paper...

This paper presents an analytical discussion of IMF conditionality based on the theory of special interest politics. We outline a simple political–economy model of special interest group politics, extended to include the interaction of the IMF with the government of a country making use of IMF...