Monetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance, effects of inflation uncertainty on output growth and international spill overs.
Examines the institutional developments in 28 transition economies over the past two decades and concludes that, contrary to popular belief, institutions were not neglected; while personalities mattered as much as policies for outcomes, getting the basic institutions right was the most important aspect of a successful transition.
Written in a clear and direct style, this is the ideal core textbook for students who seek a thorough understanding of the applications of macroeconomic theory.
Friedman and McNeill draw on recent research in evolutionary game theory and behavioral economics to explore the relationship between our moral codes and our market systems.
Consistency and Viability of Islamic Economics Systems and the Transition Process outlines the transition problem for non-market economies and creates an analytic framework for understanding the cause and effect of these economies.
The celebratory tone about the emergence of the BRICs and the improved growth in Sub Saharan Africa and Latin America during the 2000s obscures the reality that, for large parts of the developing world, the development challenges are more acute than ever before.
Using original qualitative ethnographic field interviews and quantitative field survey results, Consumption, Informal Markets, and the Underground Economy explores the rationale for and model of 'off the books' consumption in a borderlands environment.
The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.
Using the frameworks of systems theory, modernization, and the world system, New Age Globalization presents a composite multilevel, multidirectional picture of globalization informed by eight different but interdependent subsystems.
This timely book makes a forceful argument that the analyses from behavioral economists are incomplete, the policies advocated by libertarian paternalists are misguided and unethical, and both actually reinforce the cognitive biases and dysfunctions that motivate 'nudges' in the first place.
This book accounts for the work done around the two central aspects of Piero Sraffa's contribution to economic analysis, namely the criticism of the neoclassical theory of value and distribution and the construction of economic theory along the lines of the Classical approach.
Employment Generation Schemes directs attention to challenges and opportunities of enacting direct job creation policies in developing countries and BRICS, including: China, Ghana, Argentina, and India.
By examining a sector of the economy that was exposed to increased imports more than four decades ago, Crumley illuminates the economic pressures, resistance, and reform that help to shape Russia's agrarian sector today.
Volume II proposes radical reform (1) of the accounting system - to bring corporate management under the control of market forces; and (2) of the tax system - to enable the economy to grow to its full potential and to establish an automatic mechanism for price stability without any arbitrary intervention.
Through the prism of 'Nowa Huta', a landmark of socialist industrialization, Trappmann challenges the one-sided account of Poland as a successful transition case and reveals the ambivalent role of the European Union in economic restructuring.
This volume examines the main factors for developing country trade performance in the last thirty years, their own trade policies, market access issues they face, and their increasingly more effective participation in the WTO and the Doha Round of multilateral trade negotiations.
In 2001 Germany and Austria became the last EU states to lift transnational controls restricting access to their labour markets for citizens of ex-communist countries.
Analyzes quantitatively in a comprehensive, consistent, and integrated manner the production structure and productivity of postwar Japanese agriculture for the latter half of the 20th century, more specifically, 1957-97.
Analyses quantitatively in a comprehensive, consistent, and integrated manner the production structure and productivity of post-war Japanese agriculture for the latter half of the twentieth century, more specifically, 1957-97.
This book proposes new methods of detecting causality among several dynamic variables and of estimating divisions of nominal income changes into changes in output and prices.
An examination of how Botswana overcame the legacies of exceptional resource deficiency and colonial neglect, to transform itself from one of the poorest nations of the world to a middle income economy.
Malaysia's 40-year strategy of 'poverty eradication' has met with a great deal of success, yet has caused controversy for its links to ethnically-oriented social restructuring.
The term financialization is a term that has become popular to describe developments within the global economy, and particularly within developed industrialized economies, over the past thirty years.
An in-depth analysis of one of the most important and complex issues of the post-Soviet era, namely the (re-)integration of this highly interconnected region.