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Economics
Public Spending and the Role of the State
History, Performance, Risk and Remedies Ludger Schuknecht This book presents a holistic, comprehensive discussion of a highly relevant topic in economics: public expenditure, its history, value for money, related risks and remedies. It discusses the arguments and facts in a non-technical manner, with many tables and charts, for students, professionals and the interested public alike. • Provides a current international, historical overview and comparison of public expenditure, expenditure efficiency, fiscal risks and remedies • Synthesises contemporary scholarship to create a panoramic, conceptual, empirical and policy-oriented view of public expenditure and the role of the state • Discusses a key policy topic of our time placing emphasis on a longterm ‘bigger picture’ approach
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260pp 11. 2020 9781108496230 Hardback GBP 74.99 / USD 99.99 11. 2020 9781108791700 Paperback GBP 22.99 / USD 29.99 eISBN 9781108866491
Macroeconomics Meets Psychology Tobias F. Rötheli | Universität Erfurt, Germany This book offers a modern behavioral economics analysis of macroeconomic expectations, using cognitive psychology and a bottom-up approach to economic expectations. It gives students and researchers a quantitative model for analyzing inflation, interest rates and business cycle phenomena for any country or historical period. • Proposes a novel behavioral economics approach to expectations • Findings help clarify macroeconomic debates on various issues in a wide range of countries • This data can be used to interpret events such as the great recession of the USA
243pp 31 b/w illus. 8. 2020 9781108482851 Hardback GBP 74.99 / USD 99.99 8. 2020 9781108447065 Paperback GBP 27.99 / USD 34.99 eISBN 9781316987056
The European Monetary Union
Europe at the Crossroads Nicola Acocella | Sapienza Università di Roma The book illustrates the historical roots of the institutions and policies at the core of the European Union, which are largely based on the operation of free markets and a common monetary policy. It analyzes the imbalances caused by both these institutions and reemerging populism, suggesting possibilities for future conditions and reforms. • Deals with current, ongoing issues such problems facing the Euro, the
European recession, and the reemergence of populism • Examines the historical roots of the disintegration of the EU’s institutions in order to protect and improve future conditions • Suggests detailed macroeconomic and microeconomic policies to amend existing institutions in a way that avoids less desirable prospects and existing conflicts
300pp 8. 2020 9781108840873 Hardback GBP 89.99 / USD 115 8. 2020 9781108744102 Paperback GBP 22.99 / USD 29.99 eISBN 9781108892858 NEW IN PAPERBACK
The Federal Reserve’s Role in the Global Economy
A Historical Perspective Michael D. Bordo | Rutgers University, New Jersey Based on a conference held as part of the US Federal Reserve System’s centennial, this book critically evaluates the role of the Federal Reserve System in the international monetary system over the past one hundred years and looks ahead to the challenges it will face under the twenty-firstcentury fiat standard. • Reflects on the first one hundred years of the Federal Reserve System from an international perspective • Traces its evolution from the gold standard era that prevailed in 1914 to the current fiat monetary standard that governs the contemporary era of globalization and makes it the closest thing the world has to a global central bank • Includes a critical evaluation of the Federal Reserve’s actions during the recent global financial crisis
Studies in Macroeconomic History
343pp 27 b/w illus. 1. 2020 9781316506554 Paperback GBP 29.99 / USD 44.99 4. 2016 9781107141445 Hardback GBP 76.99 / USD 100.95 eISBN 9781316493595
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The UK Economy in the Long Expansion and its Aftermath
Jagjit S. Chadha | University of Kent, Canterbury Not enough attention has been paid to the long business cycle expansion that started in 1992 and provided an exceptional period of macroeconomic stability in the UK. This book brings together senior macroeconomists to look at what policymaking lessons can be learned from this period of expansion. • The first examination of policy-making lessons that can be learned from the UK economy prior to the financial crisis • Each sector of the UK economy is analysed, including labour market reforms, price setting, the external sector, financial intermediaries, monetary and fiscal policy • Contains a unique mix of academic and practitioners’ expertise, with chapters written by leading experts from UK universities and the Bank of England
Macroeconomic Policy Making
464pp 99 b/w illus. 47 tables 1. 2020 9781316602058 Paperback GBP 27.99 / USD 35.99 7. 2016 9781107147591 Hardback GBP 87.99 / USD 114.95 eISBN 9781316556191
