IMF Staff Papers, Volume 51, No. 1

IMF Staff Papers, Volume 51, No. 1
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 206
Release: 2004-04-20
Genre: Business & Economics
ISBN: 9781589063228

This first issue of Volume 51 for 2004 includes a new paper by Peter B. Clark and Jacques J. Polak, along with a tribute from the Editor to Mr. Polak in honor of his 90th birthday. This issue also launches a new featured section, "Data Issues," which will be devoted in future issues to on-going discussions of the latest in econometric and statistical tools for economists, data puzzles, and other related topics of interest to researchers.

IMF Staff Papers, Volume 51, No. 3

IMF Staff Papers, Volume 51, No. 3
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 216
Release: 2004-11-23
Genre: Business & Economics
ISBN: 9781589063518

This paper tests uncovered interest parity (UIP) using interest rates on longer maturity bonds for the Group of Seven countries. These long-horizon regressions yield much more support for UIP—all of the coefficients on interest differentials are of the correct sign, and almost all are closer to the UIP value of unity than to zero. The paper also analyzes the decision by a government facing electoral uncertainty to implement structural reforms in the presence of fiscal restraints similar to the Stability and Growth Pact.

The Idiom of the Time

The Idiom of the Time
Author: Rod Mengham
Publisher: Cambridge University Press
Total Pages: 260
Release: 2010-08-26
Genre: Literary Criticism
ISBN: 9780521154932

In this 1982 study, Dr Mengham sets out to uncover the systematic basis of the quality of secretiveness in Green's writing.

Reinterpreting The Keynesian Revolution

Reinterpreting The Keynesian Revolution
Author: Robert Cord
Publisher: Routledge
Total Pages: 166
Release: 2013-05-02
Genre: Business & Economics
ISBN: 1135132178

Various explanations have been put forward as to why the Keynesian Revolution in economics in the 1930s and 1940s took place. Some of these point to the temporal relevance of John Maynard Keynes's The General Theory of Employment, Interest, and Money (1936), appearing, as it did, just a handful of years after the onset of the Great Depression, whilst others highlight the importance of more anecdotal evidence, such as Keynes’s close relations with the Cambridge ‘Circus’, a group of able, young Cambridge economists who dissected and assisted Keynes in developing crucial ideas in the years leading up to the General Theory. However, no systematic effort has been made to bring together these and other factors to examine them from a sociology of science perspective. This book fills this gap by taking its cue from a well-established tradition of work from history of science studies devoted to identifying the intellectual, technical, institutional, psychological and financial factors which help to explain why certain research schools are successful and why others fail. This approach, it turns out, provides a coherent account of why the revolution in macroeconomics was ‘Keynesian’ and why, on a related note, Keynes was able to see off contemporary competitor theorists, notably Friedrich von Hayek and Michal Kalecki.

IMF Staff Papers, Volume 51, No. 2

IMF Staff Papers, Volume 51, No. 2
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
Total Pages: 224
Release: 2004-07-29
Genre: Business & Economics
ISBN: 9781589063235

This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets. Other papers in the issue look at German wage structures, contagion in equity markets, export orientation and productivity in Sub-Saharan Africa, the role of higher vs. basic education in economic development, and issues related to capital account liberalization.

Capital, Accumulation, and Money

Capital, Accumulation, and Money
Author: Lester D. Taylor
Publisher: Springer Science & Business Media
Total Pages: 296
Release: 2010-09-10
Genre: Business & Economics
ISBN: 0387981691

Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital and money. A root concept of capital is formulated that allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Capital and monetary theory are integrated in a non-mathematical framework that imposes a number of constraints on the macro behavior of an economy, constraints which make for the straightforward understanding of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development. This fully expanded, revised, and updated edition features important new material on a variety of timely topics, including: * Factors leading to the financial meltdown and turmoil of 2007-09; * Why bubbles form in asset markets and how these impact on the real economy; * The importance of a lender-of-last-resort in times of financial stress; * Future financing and funding of the U. S. Social Security System. Additionally, the author offers a number of ideas for alleviating the severity, if not the avoidance altogether, of financial crises in the future. This is a book for those -- students (both graduate and undergraduate) and their teachers, investors, and the informed public -- who want an understanding of how economies and financial markets function, without an advanced degree in mathematics.

Pioneers of Modern Economics in Britain

Pioneers of Modern Economics in Britain
Author: David Greenaway
Publisher: Springer
Total Pages: 230
Release: 1989-06-18
Genre: History
ISBN: 1349093769

This volume contains a series of biographical essays on seven of the most influential economists in Britain since World War II. Each essay gives background details and a critical assessment of the economist's work, examining his or her impact on the development of modern economics.

Government and Politics of the Contemporary Middle East

Government and Politics of the Contemporary Middle East
Author: Tareq Y. Ismael
Publisher: Routledge
Total Pages: 451
Release: 2015-10-05
Genre: Political Science
ISBN: 1317662822

This exciting new edition of the successful textbook for students of Middle Eastern politics provides a highly relevant and comprehensive introduction to the complexities of a region in constant flux. Combining a thematic framework for examining patterns of politics with individual chapters dedicated to specific countries, the book places the very latest developments and long-standing issues within an historical context, introducing key concepts from comparative politics to further explore the interaction between Middle Eastern history and the region’s contemporary political development. Presenting information in an accessible and inclusive format, the book offers: • Coverage of the historical influence of colonialism and major world powers on the shaping of the modern Middle East. • A detailed examination of the legacy of Islam. • Analysis of the political and social aspects of Middle Eastern life: alienation between state and society, poverty and social inequality, ideological crises and renewal. • Case studies on countries in the Northern Belt (Turkey and Iran); the Fertile Crescent (Iraq, Syria and Lebanon, Israel/Palestine); and those West and East of the Red Sea (Egypt and the members of the Gulf Cooperation Council), moving through an historical examination to close analysis of the most recent developments and their political and social impacts. • Extensive pedagogical features, including original maps and further reading sections, provide essential support for the reader. A key introductory text for students of Middle Eastern politics and history at advanced undergraduate and postgraduate levels, this new edition has been extensively updated to also become a timely and significant reference for policy-makers and any motivated reader.