We use a general-equilibrium model to explain the rise in global trade and payments imbalances since the mid-1990s, and then to construct adjustment paths to a steady state. Assuming that the shocks giving rise to the imbalances do not suddenly reverse, simulated movements in the U.S. trade...

Politik und Geldpolitik in Europa haben sich von den Grundsätzen verabschiedet, die in der Vergangenheit die Garanten des Erfolgs für den Kontinent waren. Die Finanzkrise und ihre nicht enden wollenden Nachbeben verleiten eine verunsicherte und überforderte Elite an den Schaltstellen der...

Intro -- Contents -- Preface -- Acknowledgments -- The Global Outlook for Government Debt over the Next 25 Years: Implications for the Economy and Public Policy -- Overview -- Introduction -- Projected Paths of Government Debt -- The Burden of Debt and Fiscal Limits -- Paths to Safety --...

This study provides a conceptual framework for the analysis of the questions of out-of-court debt restructuring from a policy-oriented perspective. The starting point of the analysis is given by the World Bank Principles for Effective Insolvency and Creditor Rights Systems.The study offers an...

A debt-based financial system is incompatible with a truly competitive economy. Our system exists by choice, not the dictates of immutable economic laws; and it is leading the U.S. to financial collapse. The author highlights essentially ignored inequities and fallacies inherent in major aspects...

Intro -- A GUIDE TO THE ECONOMICS AND FISCAL PERFORMANCE OF THE FEDERAL GOVERNMENT (1976-2007) -- CONTENTS -- INTRODUCTION -- GROSS DOMESTIC PRODUCT -- FEDERAL GOVERNMENT REVENUES -- FEDERAL GOVERNMENT SPENDING -- FEDERAL BUDGET DEFICITS AND SURPLUSES -- U.S. NATIONAL DEBT -- U.S. NATIONAL DEBT...

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. It merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality...