<DIV><DIV><P><I>Challenges to Globalization</I> evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization’s relationship to democracy, its impact on the environment and on labor markets and wage levels, and the associated expansion of trade and its effects on prices....</i></p></div></div>

<DIV>People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO,...</div>

The distinguished International Seminar on Macroeconomics has met annually in Europe for over thirty years. The topics covered in this year’s volume fall into four categories: exchange rates, global business cycles, the financial crisis, and unemployment and the Great Recession. The chapters...

<DIV><DIV>It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a...</div></div>

<DIV><DIV><DIV><P>The distinguished International Seminar on Macroeconomics (ISoM) has met annually in Europe for thirty years. The papers in <I>ISoM 2007 </I>discuss interest setting and central bank transparency; expectations, monetary policy, and traded goods prices; public investment and the golden rule; the role of...</i></p></div></div></div>

<DIV>The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the...</div>