This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size...

This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007-2009. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour...

Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...

This is an authoritative and topical assessment of Ireland's impressive economic growth record which has seen it dubbed 'the Celtic tiger'. Leading scholars from Ireland and beyond discuss Ireland's spectacular performance in its economic, social and political contexts

Preface -- Introduction -- Structural change in employment in Puerto Rico -- Labour market of Puerto Rico and its relationship with foreign direct investment, exports and gross domestic product -- Economic incentives for attracting and retaining FDI -- The pharmaceutical industry and R&D --...

How can Africa, the world's most lagging region, benefit from globalisation and achieve sustained economic growth? Africa needs greater investment by Multinational Enterprises (MNEs) to improve competitiveness and generate more growth through positive spill-over effects. Despite the fact that...

Arup Mitra is a professor of Economics at the Institute of Economic Growth, Delhi. His research interest include issues in the area of urban development, labour and welfare, industrial growth and productivity and gender inequality. He has published in a number of international and national...

This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high...

In the wake of the 2016 U.S. presidential election, investors and the electorate alike are seeking clarity on a wide range of macro policy issues that will impact the economy and markets in the years ahead. The primary goal of this book is to provide an objective source for investors to learn...

Macroeconomics is the application of economic theory to the study of the economy’s growth, cycle and price-level determination. Macroeconomics takes account of stylized facts observed in the real world and builds theoretical frameworks to explain such facts. Economic growth is a stylized fact...