Institucional and financial relations across levels of government edited by Junghum Kim and Camila Vammalle indicated by Alberto Barreix. “This report provides an overview of the institucional and financial relations across levels of government that enables policymakers evaluate their…
Fiscal frameworks for resource rich developing countries prepared by Thomas Baunsgaard, Mauricio Villafuerte, Marcos Poplawski Ribeiro and Christine Richmond. “This paper examines options for fiscal policy frameworks in resource rich developing countries. In doing so, it reassesses the role…
Macroprudential policy: What instruments and how to use them? Lessons from country experiences by Francesco Columba, Alejo Costa and Cheng Hoon Lim. “In the wake of the 2008 financial crisis, there has been burgeoning interest in macroprudential policy as…
Is economics a science? Should economics be rigorous? by Paul Davidson. “Many mainstream economists (e.g., Lucas Cochrane) claim that the characteristics of a “science” require rigor, consistency, and mathematics…Efficient market theory possesses all these characteristics. So how is it…
BRICs’ philosophies for development financing and their implications for LICs prepared by Nkunde Mwase and Yongzheng Yang published by IMF. “Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged…
The limits of monetary policy in a liquidity trap by Brad DeLong (03/2012). “In such a setup, the conclusion of Mankiw and Weinzerl that monetary policy has the exclusive role to play is straightforward: One stabilization policy tool-monetary policy-is…
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Rise and fall of Keynesianism (Farrell & Quiggin)
mar 9, 2012, 1:53 PM 0
Consensus, dissensus and economic ideas: The rise and fall of Keynesianism during the economic crisis by Henry Farrell and John Quiggin. “This book looks at how a Keynesian consensus emerged in 2008-9, culminating in policies of fiscal and monetary…
From financial crisis to stagnation: The destruction of shared prosperity and the role of economics by Thomas I. Palley has just been published by Cambridge University Press. “Explains why the current economy is now confronted with stagnation rather than…
Ascent after Decline: Regrowing Global Economies after the Great Recession by Otaviano Canuto and Danny M. Leipziger. In this new book, more than a dozen distinguished contributors scan the economic horizon, spell out the new fiscal reality, and highlight…
The economic consequences of tax shifts – taxes and competitiveness with a fixed exchange rate, presentation by Ruud A. de Mooij in Brussels Tax Forum. “Overview for today: Basic idea of ‘fiscal devaluation’ – more rigorously by Anna Lipinska;…