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, Joseph E. Stiglitz and Bruce C. Greenwald cast light on the significance of this insight for economic theory and policy …Walter Frick:[A] sweeping work of macroeconomic theory. Robert Kuttner, coeditor, The American Prospect:Joseph E …, Director, Institute of Economics, Scuola Superiore Sant'Anna:An impressive tour de force, from the theory of the firm all the …
Persistent link: https://www.econbiz.de/10014482165
Frontmatter -- Contents -- List of Participants -- Preface -- THE SETTING FOR A PRO-GROWTH STRATEGY: AN INTRODUCTION -- 1. RESPONSES TO THE SLOWDOWN IN GROWTH -- 2. REMOVING STRUCTURAL BARRIERS TO GROWTH -- 3. THE ECONOMIC POLICY FAILURE OF THE PAST AND A POLICY AGENDA FOR THE FUTURE -- 4. THE...
Persistent link: https://www.econbiz.de/10014482390
1990s revival of growth theory, the authors focus on capital accumulation and long-run growth. They show how rigorous …
Persistent link: https://www.econbiz.de/10014488520
An endogenous growth model with financial intermediation demonstrates how deposit insurance and prudential regulatory forbearance lead to banking crises and growth declines. The model assumptions are based on features of the Japanese financial system and regulation. The model demonstrates how...
Persistent link: https://www.econbiz.de/10014404180
This paper shows that the behavior of entrepreneurs facing incomplete financial markets and risky investment can explain why growth accelerations in developing countries tend to be associated with current account improvements. The uninsurable risk of losing invested capital forces entrepreneurs...
Persistent link: https://www.econbiz.de/10014404314
property rights help or hurt innovation and growth? Uniquely combining microeconomics, macroeconomics, and theory with …
Persistent link: https://www.econbiz.de/10014487782
This paper continues the study of optimal fiscal policy in a growing economy by exploring a case in which the government simultaneously provides three main categories of expenditures with distortionary tax finance: public production services, public consumption services, and state-contingent...
Persistent link: https://www.econbiz.de/10014402032
An effort to mobilize SDR 11 billion in additional Poverty Reduction and Growth Trust (PRGT) loan resources is underway to sustain the Fund's concessional lending operations over the medium term. SDR 9.4 billion in new loan resources have been secured to date and negotiations with remaining...
Persistent link: https://www.econbiz.de/10014408421
The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the...
Persistent link: https://www.econbiz.de/10014411129
Effective public investment requires governments to address the "recurrent cost problem" to ensure operations and maintenance (O&M) expenditures are sufficient to sustain the flow of productive public capital services to private factors of production. Building on the model of Buffie et al...
Persistent link: https://www.econbiz.de/10014411214