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Biographic Memoirs Volume 86 contains the biographies of deceased members of the National Academy of Sciences and bibliographies of their published works. Each biographical essay was written by a member of the Academy familiar with the professional career of the deceased. For historical and bibliographical purposes, these volumes are worth returning to time and again.
Bridging Divides offers a first-hand account of the origins of the Beckman Institute for Advanced Science and Technology, an interdisciplinary research institute at the University of Illinois at Urbana-Champaign devoted to leading-edge research in the physical sciences, computation, engineering, biology, behavior, cognition, and neuroscience. The book follows the progress of the Beckman Institute's creation, from the initial conceptualization of a large, multi-disciplinary institute; through proposal formulation; to the architectural design and actual construction of its state-of-the-art building, made possible by the largest gift made to any public university at the time: a $40 million cont...
Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced target for the inflation rate. While the objective of controlling inflation enjoys wide support among both academic experts and policymakers, and while the countries that have followed this model have generally experienced good macroeconomic outcomes, many important questions about inflation targeting remain. In Inflation Targeting, a distinguished group of contributors explores the many underexamine...
These indexes are valuable volumes in the serial, bringing together what has been published over the past 38 volumes. They include a preface by the editor of the series, an author index, a subject index, a cumulative list of chapter titles, and listings of contents by volume.
"Fiscal policy makers have faced an extraordinarily challenging environment over the last few years. At the outset of the global financial crisis, the International Monetary Fund (IMF) for the first time advocated a fiscal expansion across all countries able to afford it, a seeming departure from the long-held consensus among economists that monetary policy rather than fiscal policy was the appropriate response to fluctuations in economic activity. Since then, the IMF has emphasized that the speed of fiscal adjustment should be determined by the specific circumstances in each country. Its recommendation that deficit reduction proceed steadily, but gradually, positions the IMF between the fis...
Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected to run out by mid-century. The authorities have laid out strategic goals of accelerated yet sustainable socio-economic development over the next decade and are developing policy plans to that end.