This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole

Models of the Chinese Economy is an authoritative and comprehensive book which will enable readers to gain a more thorough understanding of this important economy. The authors focus on economic modelling of the current Chinese economy for forecasting and policy simulation purposes. Dynamic...

During the past decade the issue of a general welfare double dividend (an improvement in environmental quality combined with a positive welfare effect) triggered by a tax shift from labour to energy resources has been extensively debated. In this book, Kurt Kratena studies the employment effects...

This book collects recent research on modelling income distribution and redistribution by John Creedy and a number of other eminent co-authors. The book opens with the main results of a research programme, largely with Vance Martin, on distributional modelling using the generalised exponential...

Russian Banking considers the rise of commercial market-oriented banks in Russia, their links with government and non-financial companies and their role as intermediaries in the provision of finance for investment. The contributors explore the legacy of the Soviet past and current functions of...

The Economic North-South Divide explores the structural roots of the debt crisis and considers the impact of debt management on North-South economic relations, exposing certain double standards that tilt global markets further against the South. Encouraged by recent successful opposition to...

Debt, Deficits and Exchange Rates presents recent work by Helmut Reisen on current international monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance. The first part is concerned with the debt...

"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...

"This book offers a novel account of the significant debt crisis which hit many developing countries during the 1980s. It starts with the flawed cycle of bank lending during the 1970s, and then moves from the opening act, in Mexico in 1982, until a solution was found with the 1989 Brady...

Employing a rigorous analytical framework, the author bases his analysis on the concept of international technological dualism. He argues that one possible solution to the problem is the availability of affordable technologies, such as low-cost computers, which are specifically designed for the...