Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...

There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

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...

"Presenting innovative modelling approaches to the analysis of fiscal policy and government debt, this book moves beyond previous models that have relied upon the assumption that various age-specific rates and policy variables remain unchanged when it comes to generating government expenditures...

Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....

Fiscal Policy and Interest Rates in the European Union is a comprehensive study concerned with the potential effects of fiscal policy on financial markets in the European Union. It takes into account the gradual liberalization of capital movements throughout Western Europe and the institutional...

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 --...

The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China's financial system and its ability to transform enterprise and...