Macroeconomics Books

Intended as a successor to Monetary Policy and Credit Control (Croom Helm, 1978; Routledge Revivals, 2013), this book, first published in 1982 with a revised edition in 1984, traces the changes in approach to monetary control in the U.K. throughout the...

This book, first published in 1978, provides an analysis of British monetary policy and considers what techniques of monetary control were most appropriate to the context of the U.K. during the 1970s and 1980s. David Gowland answers crucial questions...

First published in 1990, International Bond Markets analyses how the markets in public-sector debt have developed and how they operate in a number of countries, including those with chronic budget deficits. Alongside a detailed introduction to government...

First published in 1978, The Valuation of Social Cost is concerned both with the idea, and with the practical problems, of placing monetary values on 'intangible', non-marketed goods, such as pollution, noise nuisance, personal injury, or the loss of...

Inflation is the economic plague of the modern world, completely undermining conventional theory and policies for its containment, and setting governments, management and labour on a dangerous collision course. Its alarming spread is only paralleled by...

This book applies contemporary macroeconomic theory and econometric modelling techniques in order to address policy issues relating to the CFA Franc Zone, a group of francophone African Countries sharing a common currency that is linked to the French...

Mounting evidence suggests that GDP growth is damaging the natural environment and unlikely to be ecologically sustainable in the long-run. At the same time, an annual GDP growth rate of around three percent is regarded as the minimum necessary to...

First published in book form in 1981, this collection of essays originally written between 1955 and 1966 contains ground-breaking research and analysis on the study of wages and prices across seven centuries, with particular reference to builder's wage...

First published in 1967, The Soviet Middle East provides an analysis of the economic and political status of the national republics of Central Asia and Transcaucasia, which were, at the time of the book's initial publication, a part of the Soviet Union...

This book traces the developments of the post-war monetary story, with an emphasis both on theory and practice. A survey of monetary policy and a discussion of the effects of a credit squeeze are set against a survey of the very different American scene...

Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of...

This book aims to identify and analyze the impact of the 2007-09 global financial crisis on Asian economies and to assess the short-term and longer-term policy responses to the crisis in terms of their effectiveness and sustainability. It draws lessons...

Presenting legal and philosophical essays on money, this book exploresthe conditions according to which an object like a piece of paper, or anelectronic signal, has come to be seen as having a value.Money plays a crucial role in the regulation of social...

First published in 1997. Politicians of all shades argue that the labour market should be more flexible and workers more mobile. But what does this mean in reality? How flexible and mobile are workers likely to be? Is there an ideological base to the...

First published in 1987. This fascinating study provides an understanding of the failings of the post-war era of active macroeconomic policy-making, and only by a better comprehension of past failings can we hope to provide the successful policies for...

Economic turmoil has spread throughout the western world, but terrorists and other threats to national security have not been put out of business by the Great Recession. Economic Instruments of Security Policy explores the critical question: does the...

In this new volume it is argued that network effects are much more common than usually assumed, and that they have a profound impact on many aspects of economic systems, especially technological change and economic growth. The analysis and modelling of...

In response to the outbreak of the COVID-19 pandemic, governments and international institutions took steps to contain the harmful consequences on citizens' lives and health, as well as the economy. In the short term, the goal was to limit the spread of...

Pricing or benchmarking is a process of evaluating the performance of a financial company's products and services or systems, against other businesses, considered to be at the top of their field, by applying a measurement of "best in performance." This...

Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one...

Macroeconomics is an outgrowth from the main stream of classical monetary theory following Keynes

Formalising employment is a desirable policy goal, but how it is done matters greatly, especially for women workers. Indeed, formalisation policies that do not recognise gendered realities and prevailing socio-economic conditions may be less effective...

Austrian economist, Ludwig von Mises, was one of the most original and controversial economists of the 20th century, both as a defender of free-market liberalism and a leading opponent of socialism and the interventionist-welfare state. He was both the...

Henry A. Abbati was not an economist by profession. After retiring from business, in 1924 he published his first book, The Unclaimed Wealth: How Money Stops Production in which he expounded his theory of 'effective demand' (terminology of his own) and...

The term Purchasing Power Parity may date from the early twentieth century, when it was coined by the Swedish economist Gustav Cassel, but the underlying concept had been enjoying varying degrees of success since its development in sixteenth century...

India started on a program of reforms, both in its external and internal aspects, sometime in the mid-eighties and going on into the nineties. While the increased exposure to world markets ('globalization') and relaxation of domestic controls has...

Written by the world's leading expert in the field, this book examines the evolution of Japanese agricultural policy in the post-war period, focusing particularly from the 1970s onwards when both domestic and external pressures for reform began to...

The collapse of Lehman Brothers, the oldest and fourth-largest US investment bank, in September 2008 precipitated the global financial crisis. This deepened the contraction in economic activity that had already started in December 2007 and has become...

The aftermath of the 2008 crisis has substantially increased the regulation of banks and insurance companies and curtailed their risk taking, which has shifted much of the risk to their clients: firms and consumers. At the same time, digitalization has...

Preface.- Background Material.- Simple economies-complete and incomplete markets.- Investment Portfolio Optimization.-Pricing: Neutral and Indifference.- Hedging.- Equity Valuation and Investing.- FX Rates and FX Derivatives.- Appendix.- References.-

This book addresses one of the most important research activities in empirical macroeconomics. It provides a course of advanced but intuitive methods and tools enabling the spatial and temporal disaggregation of basic macroeconomic variables and the...

This book explains the role of formal labour market institutions in keeping the labour utilisation in Central and Eastern Europe above the level characteristic for Western European states. It provides an innovative and enriching take on labour...

Inflation plays a central role in macroeconomic and financial policy regulation, and its dynamic formation has gradually become a popular research topic in this field. This book comprehensively studies the dynamic mechanism of inflation in China from the...

Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant...

This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to capital theory remains unexplored. It is the first book to comprehensively study this...

This book delves into the many innovative changes that the financial industry has undergone in recent years. The authors investigate these developments in a holistic manner and from a wide range of perspectives: both public and private, business and...

This collection analyses relationships between religious and consumption practices and cultures, and their diverse responses to ecological crisis, ranging from indifference to engagement. The book includes contributions on Japan, Israel, Iran, Slovakia...

This book discusses the relationship between financial liberalization, financial deepening and economic performance from both a theoretical and a policy perspective, comparing several 'big' emerging countries: Argentina, Brazil, China, India, Mexico,...

Introduction The Global Economy and External Imbalances Global Imbalances and Exchange Rates External Imbalances and National Income International Capital Mobility and National Income External Imbalances, Exchange Rates and Interest Rates Money, Exchange...

Globalization is a "buzzword" for the twentyfirst century, but this volume argues that it is not possible to understand the current global economy without understanding the multinational.

Despite increasing acceptance that poverty is multidimensional, most policy work adopts a monetary definition. Using data for India and Peru, the authors compare four different approaches to poverty analysis at a theoretical and empirical level. Defining...

The Global Curse of the Federal Reserve reveals and explores the missing link between the Austrian School of Economics and behavioral finance theory. Monetary instability is the source of the waves of irrational exuberance (sometimes described as "asset...

By the dawn of the 21st century, more than half of the world's population was living in urban areas, and demographic forecasts for the decades ahead estimate that by 2030, almost five billion people - out of a world population of eight billion -will be...

The post-communist states of South East Europe (SEE) have a strong commitment to decentralisation as a means to contribute to the consolidation of democracy, and to improve institutions for local economic and social development. However, the experience...

By 1999, Russia's economy was growing at almost 7% per year, and by 2008 reached 11th place in the world GDP rankings. Russia is now the world's second largest producer and exporter of oil, the largest producer and exporter of natural gas, and as...