Decline in public interest to "pure" economic theory is disturbing fact. This paper considers the main macroeconomic hypothesis through their implementation in practice - macroeconomic policies in the USA, in post-soviet countries (Russia and Georgia) and Turkey as well. Stabilization policy of...

This paper uses a rational expectations macroeconomic model in which economic agents formulate the probability about the sustainability of the economic policy - that is, policy credibility - using current and lagged values of government expenditures and lagged values of the inflation rate. The...

The policy relevant analysis of this volume examines nearly twenty years of Zimbabwe's macroeconomic and structural adjustment experiences since independence. Part One analyses the impact on economic growth, inflation, employment and labour markets. Part Two deals with financial liberalization,...