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This widely respected classic continues to offer the state-of-the-art coverage of advanced macroeconomics. Detailed and clear exposition of such topics as traditional expectations, money demand, and policy rules are well integrated.
Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
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This is a new release of the original 1950 edition.
Part I-An Introduction to Macroeconomics, Actual and Potential GNP : Flucuations and Growth, A Review of the National Income and Product Accounts, Introduction to Income Determination : The Multiplier, Part II-National Income Determination: The Static Equilibrium Model. Preface: Methodological principle follow is to develop the aggregate macroeconomic functions from basic microeconomic principles. The technique developed naturally in the Princeton lecures in response to a division among the students roughly into one group with a good economics background but little mathematics and another mostly engineers-with mathematical training but little economics.
"A readable, balanced, and provocative view of the prospects for fruitful international economic cooperation. The papers are realistic: each discusses the difficulties involved in reaching cooperative solutions or procedures as well as the benefits of doing so. The discussion among the conference participants is lively, interesting, and insightful."--William H. Branson, Princeton University
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Distinguished economists review how the 1973 shift from fixed exchange rates to flexible rates has influenced world economic interdependence.
Taking the reader on a journey from the dying embers of Edwardian England, through the trauma of two world wars, the hedonism of London in the 1980s and 'Cool Britannia' in the 1990s right up to the present day, One Hundred Summers is a portrait of a century as it was experienced by one extraordinary family. Along the way, Vanessa Branson recalls the rough and tumble of her chaotic but happy post-war childhood; growing up alongside her older brother Richard, who was entrepreneurial even as a teenager, she would have a front-row seat at the birth of Virgin, one of the most remarkable success stories in British business. She goes on to share her many adventures in a fascinating life, from opening an art gallery on London's Portobello Road and founding an arts festival in Morocco, to turning an ancient palace into a world-famous hotel and finding a real-life Neverland in the Scottish island of Eilean Shona, where J. M. Barrie once wrote a screenplay for Peter Pan. Touching, humane and at times heartbreakingly honest, Branson's family memoir is a vivid and charming tapestry of English eccentricity, fortune, fate and passion.