Books in the International Economic Association Series series

Monetary Theory and Policy Experience offers a broad context for the question of why governments prefer to limit themselves to a specific inflation target. Academic specialists and senior officials of the European Central Bank, the OECK and national central banks look beyond inflation targeting as the goal of monetary policy.

The book discusses a set of key lessons for macroeconomic theory following the recent global financial crisis and explores unconventional monetary policy in a post-crisis world. This volume is divided into five parts. Part one focuses on macroeconomic theory for understanding macroeconomic fluctuations and crises.

With contributions from international scholars, this second volume by Joseph Stiglitz and Martin Guzman comprises of theoretical, empirical, and policy-based chapters which carefully utilize theory and data analysis. Part I focuses on the issues of global inequality, poverty measurement and security.

The book discusses a set of key lessons for macroeconomic theory following the recent global financial crisis and explores unconventional monetary policy in a post-crisis world. This volume is divided into five parts. Part one focuses on macroeconomic theory for understanding macroeconomic fluctuations and crises.

Joseph Stiglitz examines the theory behind the economic downturns that have plagued our world in recent times. This fascinating three-part lecture acknowledges the failure of economic models to successfully predict the 2008 crisis and explores alternative models which, if adopted, could potentially restore a stable and prosperous economy.

The aim of this two-volume book is to analyze the current state of global and regional inequality, dissect the phenomenal increase in inequality that we have seen occur in recent times, and better understand the complex relationship between inequality and development.

The aim of this two-volume book is to analyze the current state of global and regional inequality, dissect the phenomenal increase in inequality that we have seen occur in recent times, and better understand the complex relationship between inequality and development.

It was part of common wisdom that in the early stages of development inequality would rise, but it would, eventually, decline. As time passed and growth persisted, inequality has, however, continued to grow, casting doubt on the received wisdom.

With contributions from international scholars, this second volume by Joseph Stiglitz and Martin Guzman comprises of theoretical, empirical, and policy-based chapters which carefully utilize theory and data analysis. Part I focuses on the issues of global inequality, poverty measurement and security.

Diwan and Galal looks at the structure and prospects of the Middle East economies after the 2011 Uprisings, focusing on issues of economic growth, inequality, the impact of oil, and the unfolding political transitions.

The interest of this book is that the aims of the IAE conference of 1958 can now be assessed in light of the development of the last 30 years. The book itself also looks at how the IAE has attempted to promote the development of economics internationally as an intellectual discipline.

The dramatic implosions of the centrally administered, non-democratic political systems in central and eastern Europe in the late 1980s have generated a body of research concerning the transition from public ownership, and the role of the market and other institutions in engendering good incentives for economic actors.

A guide to the experiences economic reform since the second world war, and system reform and economic integration across the world in the past decade.

List of Participants - Preface - PART 1 THE RELEVANCE OF ECONOMIC INCENTIVES FOR ECONOMIC DEVELOPMENT - Prices, Incentives and Economic Growth; B.Balassa - Microeconomic Incentives and Macroeconomic Decline; M.Olson - Social Insurance: Incentives and Disincentives to Save and to Work; M.Janssen - Incentives and Disincentives: International Migration; J.N.Bhagwati - Incentives for the Homogenization of Time Use; D.S.Hamermesh - Incentives for Entrepreneurship and Supporting Institutions; R.R.Nelson - The Incentive Limits of Firms: A Comparative Institutional Assessment of Bureaucracy; O.E.Williamson - PART 2 COUNTRY EXPERIENCE WITH RESTRUCTURING INCENTIVES - Incentives in the Soviet Economy; T.S.Kahchaturov - Restructuring Incentives in Hungary; B.Csik s-Nagy - Incentives in the United Kingdom; P.Minford - Economic Reforms in Chile, 1973-1981; A.Saieh and L.A.Sjaastad - Restructuring Incentives in the People's Republic of China; A.Gutowski and R.Merklein - From Bankruptcy to Revival: The Turkish Experience with Restructuring Economic Incentives, 1980-1984; E.G nensay - Obstacles to Changing the Incentive System: The Case of the Federal Republic of Germany; H.Bonus - PART 3 INCENTIVES IN THE INTERNATIONAL ECONOMY - Incentives and Disincentives for Foreign Direct Investment in Less Developed Countries; V.N.Balasubramanyan - Rent-Seeking and Trade Policy: An Industry Approach; R.E.Baldwin - The Function of Governments and Intergovernmental Organizations in the International Resource Transfer: The Case of the World Bank; B.S.Frey - PART 4 CONCLUDING APPRAISALS - Incentives and Growth: An Appraisal; K.J.Arrow - Incentives and Growth: A Summary Appraisal; J.B.Donges - Index

A collection of essays presenting new insights into the analysis of public debt theory, recent historical episodes, econometric analyses and policy dilemmas and options. It also documents the perceptions of debt problems from viewpoints of national economies as well as the world economy.

This is a compilation of the proceedings and papers presented at an international conference on the organization of economic institutions in a dynamic society which includes detailed comment and discussion sections following each lecture.

A compilation of papers given at a Conference of the International Economic Association analyze the world-wide experiences of incomes policy when, in the 1970s and early 1980s, this was seen as a crucial target for government.

This book is Volume 4 of the Proceedings of the 10th World Economic Congress held in Moscow in 1992 under the auspices of the International Economic Association.

The dramatic implosions of the centrally administered, non-democratic political systems in central and eastern Europe in the late 1980s have generated a body of research concerning the transition from public ownership, and the role of the market and other institutions in engendering good incentives for economic actors.

This volume contains chapters on a range of topics which include economic methodology in macroeconomics, central bank independence, policy signalling, public policy as second best analysis, the determinants of economic growth, a continuum approach to unemployment policy, and pensions.

A comprehensive overview of current research in the field of trade, payments and debt. Robert Findlay tracks world trade from 1000 to 1750, while Robert Baldwin surveys the impact of international trading alliances. In his Presidential paper, the World Bank Vice-President Michael Bruno looks at the pattern of debt crises and economic recovery.

A guide to the experiences economic reform since the second world war, and system reform and economic integration across the world in the past decade.

Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature.