This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact. Macroeconomic policy is often hotly...

Against the backdrop of the financial crisis that unfolded in 2008, this book deals with policy challenges going forward, focusing in particular on the ongoing catching-up process in Central, Eastern and South-Eastern European countries

pt. I. Extending theoretical and conceptual thinking about emerging markets -- pt. II. Operational practices in emerging markets and their implications -- pt. III. Looking forward : eclectic perspectives on emerging markets.

Introduction : the attributes of the crisis / David Bailey, Dan Coffey, Philip R. Tomlinson -- The workings of the Japanese economy / Donald W. Katzner -- The cause of Japan's recession and the lessons for the world / Richard A. Werner -- Transnational monopoly capitalism, the J-mode firm and...

1. Introduction, themes and structure of the book -- 2. Foundations for growth -- 3. The growth experience -- 4. Structural change -- 5. Monetary, financial and fiscal aspects -- 6. Development indicators and welfare -- 7. Trade, trade policy and growth -- 8. International finance and growth --...