Macroeconomics category: 2722 books

This book is a quarterly forecast and analysis report on the Chinese economy. It is published twice a year and presents ongoing results from the “China Quarterly Macroeconomic Model (CQMM),” a research project at the Center for Macroeconomic Research (CMR) at Xiamen University. Based on the CQMM...

This paper focuses on the types of "capital flow measures" that have been used, why and whether they met their objectives. The paper presents a balanced assessment of this, concluding that they were mostly implemented to protect financial sector stability (focused on specific targets), or to reduce...

Many countries have reformed their monetary instruments over the last few years. Edited by Tomas J.T. Balino and Lorena M. Zamalloa, this volume deals with the design, implementation, and coordination of major monetary policy instruments, highlighting relevant country experiences. In particular, it discusses...

This study explores the prospect of the application of the basic principles of ICL into many other potential areas of social and economic policy. Using case studies it evaluates previously implemented ICL schemes where interest rate subsidies are usually the norm, and questions the merits of this approach.

In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been expanded, and risks of future losses for the public sector have increased.

Tax amnesties remain as popular as ever as a tool for raising revenue and increasing tax compliance. International experience, however, shows that the costs of tax amnesty programs often exceed the programs’ benefits. This paper weighs the advantages and disadvantages of tax amnesties, drawing on...

Recessions are a recurring phenomenon and there are repeated debates about how to combat them when the crisis hits and after the economy begins to grow again. Laurence Seidman argues that currently we are not ready to combat the next recession. A recession involves a plunge in aggregate demand for...

In The Midas Paradox Scott Sumner provides a fresh, new narrative in regards to the Great Depression and its economic backstory. He points to various ways in which the modern day understanding of the Great Depression is flawed and how the causality of it has been largely misunderstood. The understanding...

Volume III, edited by Robert C. Effros, contains the collected views of banking and legal experts, gathered at the third IMF-sponsored seminar of central banks' general counsels. Matters of both international and domestic concern are addressed. The contributors analyze topics covering developments in...

Voodoo Economics is the brainchild of economist Arthur Laffer, and the offspring of President Ronald Reagan, who adopted the Laffer theory of supply-side economics during his Presidential run in 1980. It was first labeled “voodoo economics” by Reagan’s then primary opponent George H.W. Bush,...

Volume II, edited by Robert C. Effros, contains the collected views of banking and legal expers, gathered at the second IMF-sponsored seminar of central banks general counsels. Matters of both international and domestic concern are addressed. The contributors analyze topics ranging from concepts of international...