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Business Cycles and Macroeconomic Stability
Setting the issue "Most economists consider the marked increase in automatic stabilizers a highly favorable development with respect to maintenance of economic stability". Besides the rare privilege of having being signed by both Milton Friedman and Paul Samuelson (Depres,Friedman, Hart, Samuelson, and Wallace [1950]), among others, this sentence expressed as soon as 1950 the consensus view on the stabilizing effect of fiscal rules governing tax revenue and public expendi tures and transfers. This positive ex ante assessment will have been confirmed ex post as part of the explanation for post war stabilization (Burns [1960], de Long and Summers [1986], Moore and Zarnovitz [1986]). However, i...
Advances in Business Cycle Research
Models derived from the Real Business Cycle perspective have recently taken a major place in business cycle research. The papers in this present volume bring three contributions to this research programme: A critical evaluation of the canonical RBC models, new elements of empirical relevance, based on comparative calibration and testing, and new specifications, at the frontier of business cycle research, coping with non walrasian features, contracts and nominal rigidities, unemployment and growth.
Private Lending to Sovereign States
In this illuminating work on external debt, Daniel Cohen explodes many myths currently popular among economists, bankers, and journalists about the nature of the debt problem, its origins, and its cure.
Justine Henin
Justine Henin: From Tragedy to Triumph presents the biography of one of the best women tennis players of all time. Her dazzling array of shots, combined with her immense personal courage, earned Justine Henin enormous respect among current players and former champions alike. Justine's success was all the more remarkable considering that off-court she had to weather a series of family tragedies, a debilitating virus, the breakdown of her marriage and a seven-year feud with her father and brothers. But with family bridges rebuilt, her tennis reached new heights, and brought her one Grand Slam title after another. Always thrilling to watch, Justine's breathtaking backhand, described by John McEnroe as ‘the best in the world – man or woman' is rivalled by a sensational forehand and razor-sharp volleying. Author Mark Ryan, who has good relations with the Henin family, knows the inside story of Justine's rise to the top – and what it almost cost her – better than any other sports journalist. His account is compelling, sensitive and a must for all tennis-lovers.
The Microeconomic Foundations of Macroeconomics
This discourse on the conference proceedings unveils Sir John Hicks's efforts to discuss capital/income family of concepts with their principal characteristics of inter-temporality. Papers on capital, profits, the concept of invariant capital stock and Kaleckian theory of investment are discussed.
Famous People Around The World. VOLUME 01B
Get ready to take a thrilling journey through the lives of some of the most fascinating people in the world! "Famous People Around The World" is an engrossing read that provides an in-depth look at the lives of various famous personalities, from artists and scientists to musicians and politicians. This book covers all aspects of these people's lives, starting from their early years, upbringing, education, and pivotal experiences that shaped their lives. It explores their fascinating careers, achievements, turning points, and contributions to their respective fields. But that's not all - this book delves deeper into the personal lives of these famous individuals, including their relationships...
