A Country's Process of Development as Described by a CUSP Catastrophe Model - The Case of Eastern European and Baltic Countries -- Empirical Analysis of the Shadow Economy of the South East European Countries -- Investigating the Convergence Hypothesis in the EU: More Evidence Accounting for...

This book explores the role of national fiscal policies in a selected group of Euro-area countries under the European Economic and Monetary Union (EMU). In particular, the authors characterize the response of output to fiscal consolidations and expansions in the small Euro-area open economies...

Introduction: The Responsibility of Knowledge, Challenges and Responses -- The Changing World and the Greek Economy Before the Crisis -- The Pre-Crisis Growth of the Greek Economy -- The Question of Growth -- Human Capital: Education, Innovation and Health -- Cultural Values, Stereotypes and...

Part I: US Growth Policies in the Election Year -- Part II: Assessing the Impact of Labor Market Reforms -- Part III: Imbalances, Tensions and Possible Readjustments: Evidence from Intertemporal Accounting and the Financial Accounts -- Part IV: G20, Global Governance and Regional Integration --...

Introduction -- Sustainable Public Debt: Theory and Empirical Evidence -- Debt and Growth: A Basic Endogenous Growth Model -- Productive Government Spending, Public Debt and Growth -- Government Debt and Human Capital Formation -- Debt and Growth: Empirical Evidence -- Conclusion.

Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether...

Despite the success of policymakers and the European Central Bank in calming down financial markets since the summer of 2012, European leaders are still facing formidable challenges in making the single currency work in a complex environment. This book starts with a review of the necessary...

A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the possible outcomes and uncertain future of the European Union and its currency. Chapters include case studies of Portugal, Ireland, Spain and Greece, as well as broader...

This volume contributes to empirical research on the role of national fiscal rules and institutions in shaping fiscal policies. It provides original, policy-oriented analysis on a number of questions and gives illuminating conclusions about the devices which promote sound and sustainable policy....

1. Introduction -- 2. The Economics of State Fragility -- 3. Zimbabwe’s First Decade: Building the One-Party State and Controlling the Economy -- 4. Regime Interests and the Failure of Economic Reform in the 1990s -- 5. Regime Survival and the Fast Track Land Reform Programme -- 6. Regime...