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Marquardt Family
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Deindustrialization
All advanced economies have experienced a secular decline in the share of manufacturing employment—a phenomenon referred to as deindustrialization. This paper argues that, contrary to popular perceptions, deindustrialization is not a negative phenomenon, but is the natural consequence of the industrial dynamism in an already developed economy, and that North-South trade has had very little to do with deindustrialization. The paper also discusses the implications of deindustrialization for the growth prospects and the nature of labor market arrangements in the advanced economies.
Staff Studies for the World Economic Outlook, 1997
These studies provide supporting material for the analysis and scenarios in the World Economic Outlook.
Sold by the Millions
Australian genre fiction writers have successfully exploited the Australian landscape and peoples and as a result their books are today “sold by the millions” across boundaries. They have created stories that are imaginative, visionary, and diverse. They appeal to local and international readerships and, most importantly, are thoroughly entertaining, thus making them a strong presence in the popular fiction bazaar. Sold by the Millions: Australia’s Bestsellers is the first collection to concentrate on Australia’s best-selling material that forms the armchair reading of many Australians. Leading experts of popular fiction provide introspective pieces on Romance, Horror, Crime, Science Fiction, Western, Comics, Travel, Sports and Children’s writing so that a wholesome picture emerges of the wide range of reading and research options available for scholars.
Broke Heart Blues: A Novel
The much-anticipated reissue of a novel that is one of Joyce Carol Oates’s personal favorites among her oeuvre; featuring a new afterword by Oates IN THE HEART OF A LANGUID JULY, ELEVEN-YEAR-OLD JOHN REDDY HEART drives a traffic-stopping, salmon-colored Cadillac into the quiet upstate town of Willowsville, New York. His mother, Dahlia Heart, a blackjack dealer, has brought her family east from Las Vegas to claim the rambling mansion left to her by a wealthy suitor. But it is John Reddy—already growing into a heartbreaking hybrid of James Dean, Marlon Brando, and Elvis Presley—who will claim the town itself. It is John Reddy who will arouse the desire of Willowsville’s teenage girls a...
An Empirical Analysis of Fiscal Adjustments
This study uses the fiscal expansion and consolidation experiences of the industrial countries over the period 1970 to 1995 to examine the interplay between fiscal adjustments and economic performance. A key finding is that fiscal consolidation need not trigger an economic slowdown. Fiscal consolidation that concentrates on the expenditure side, and especially on transfers and government wages, is more likely to succeed in reducing the public debt ratio than tax-based consolidation. Also, the greater the magnitude of the fiscal consolidation, the more likely it is to succeed in reducing the debt ratio.
World Economic Outlook
This paper presents an outlook for the world economy for 1997–98. With world output expected to expand by some 41⁄4 percent in both 1997 and 1998, the strongest pace in a decade, the global economy is enjoying the fourth episode of relatively rapid growth since the early 1970s. The expansion is underpinned by continued solid growth with low inflation in the United States and the United Kingdom; a strengthening recovery in Canada; a broadening of recovery across continental western Europe, notwithstanding persistent weakness in domestic demand in some of the largest countries.
IMF Staff papers
This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been “effective “ in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments’ debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.
Joyce Carol Oates: Letters to a Biographer
This rich compilation of Joyce Carol Oates's letters across four decades displays her warmth and generosity, her droll and sometimes wicked sense of humor, her phenomenal energy, and most of all, her mastery of the lost art of letter writing. "It's hard to think of another writer with as fecund and protean an imagination as the eighty-five-year-old Joyce Carol Oates, who is surely on any short list of America's greatest living writers." —New York Times Magazine In this generous selection of Joyce Carol Oates’s letters to her biographer and friend Greg Johnson, readers will discover a never-before-seen dimension of her phenomenal talent. In 1975, when Johnson was a graduate student, he fi...
