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...

“Donald Stabile provides a fascinating history of the economic and political debates leading up to, and following, the Employment Act of 1946. Contrary to common understanding, Stabile argues that there were strong tensions between New Dealers and Keynesians, including around their vision of...

Chapter 1. Introduction -- Chapter 2. From War Financier to Bankers’ Bank -- Chapter 3. Central Banks under the Gold Standard -- Chapter 4. The Federal Reserve: A Unique Institution -- Chapter 5. From War to War: 1914-1939 -- Chapter 6. Post-war Progress: 1946-1960 -- Chapter 7. The 1960s:...

1. Introduction -- 2. The Economic Model -- 3. Intra-State Sequencing with Historical Examples -- 4. Drivers of Historical Sequences -- 5. International Sequencing with Historical Examples -- 6. Peacekeeping and Sequencing -- 7. Case Study: Secessionist Motives in the American Civil War -- 8....

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....

Although Asia has been the world engine of economic growth since World War II, growth rates have differed sharply among the countries of the region. Still, all Asian countries have experienced some degree of growth limitation. Japan is facing the crucial issue of a quickly aging and shrinking...

As we tour the 400 year history of capitalism through its various phases of development, financial system instability is always there lurking in the shadows. The historical record attests that the processes of aggregating capital for real investment are inescapably vulnerable to risk, manic...

This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant...

Introduction -- Emerging markets perspectives on G-20 led financial reforms -- Global Finance Ten Years after the Global Financial Crisis -- Where is the US trade policy headed under the Trump Administration? -- Trade, Investment, and the Multilateral Trading System -- Technological Change and...

Chapter 1 Introducing Pandemic Crisis -- Chapter 2 Migration and Welfare-State Policy -- Chapter 3 Globalization and Welfare-State Policy -- Chapter 4 Free Migration: Israel’s Experience -- Chapter 5 Globalization: Israel’s Experience -- Chapter 6 Federal Systems: US-EU Comparison.