The formation of macroeconomic policy is conceptualized as on-going process of interaction between private individuals and a centralized policymaker. This interaction is inherently strategic in nature and lends itself to a game-theoretical treatment. Starting from the basic principle of rational...

Introduction / Bourguignon, Bussolo, Pereira da Silva -- Chap. 1: Winners and losers from trade reform in Morocco / Lokshin and Ravallion -- Chap. 2: A micro-macro assessment of the poverty impacts of the Doha and FTAA agenda for Latin America / Bussolo, Lay, van der Mensbrugghe -- Chap. 3:...

"A topical insider view of causes and consequences of financial crises since the Mexican collapse of 1995. The book includes a detailed exploration of recent and ongoing firestorms, including the near meltdown of the global financial system and the euro crisis, and suggests ways to save the...