Chapter 1. Introduction and Overview of the Fourth Edition -- Chapter 2. National Income Accounts -- Chapter 3. Budget Deficits, Trade Deficits and Global Capital Flows: The National Savings Identity -- Chapter 4. Aggregate Demand: Setting the Stage for Demand-Side Stabilization -- Chapter 5....

We introduce a new comprehensive announcement-level database tracking the extraordinary fiscal, monetary, prudential, and other policies that countries adopted in response to Covid-19. The database provides detailed information, including sizes where available, for 28 granular policies adopted...

Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which they are conducted. For example, the impact of a reform implemented shortly before a...

1. Introduction -- Part I. The “Party Period” Before the Crisis -- 2. The Costs and Benefits for Joining a Common Currency with Emphasis on Weaker Member States: The Pre-crisis Debate -- 3. Greece Before the Crisis: The Critical Years in Domestic Politics -- 4. IMF and EU Reports on Greece...

Chapter 1. Creating an Epistemic Community: The Experience of the Villa Mondragone International Economic Seminar -- Chapter 2. Will the EU Grow Faster Than in the Past Decade After Covid-19? -- Chapter 3. Covid-19 and the Golden Rule of Social Distancing -- Chapter 4. The New European...

Chapter 1. Introduction -- Chapter 2. Are Current Policies on Track to Eliminate Poverty? -- Chapter 3. How Mainstream Economics Works -- Chapter 4. Basic Principles to Understand Macroeconomics -- Chapter 5. Markets Alone Make No Development -- Chapter 6. Developing Countries in Global...

Language Requirement for Naturalization, Linguistic Networks, and International Migration: The Role of Common Unofficial Language -- Smart digitalization in Nordic cities and municipalities through Internet of Things -- Are attitudes to financial risk reflected in precautional measures during...

This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward...