New Thinking in Macroeconomics: Social, Institutional, and Environmental Perspectives

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Overview

Presenting innovative perspectives on macroeconomics at the national and international levels, Harris and Goodwin, both affiliated with the Tufts University Global Development and Environment Institute, bring together contributions on current issues of globalization, inequality and unemployment, national and international debt, and the relationship of macroeconomic policies to the environment. Contributors in economics, business, and finance provide insight into debates on macroeconomic policy in the US and Europe, as well as in developing and transitional economies. Case studies and examples bring theoretical debates to life. The audience for the book includes researchers and students in macroeconomics, and policy makers. Annotation ©2004 Book News, Inc., Portland, OR
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Product Details

  • ISBN-13: 9781845420864
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 12/28/2004
  • Pages: 296

Table of Contents

List of Figures
List of Tables
List of Contributors
Preface
Acknowledgments
Introduction
1 Stock-Flow Traps in the American Economy 3
2 Can the Fed Give Us Macroeconomic Stability? Lessons from History 15
3 New Bridges Across the Chasm: Macro and Institutional Strategies for Transitional Economies 30
4 Paradoxes of Globalization 53
5 Globalization and Financial Crises: A Proposal for a New Approach to Macroeconomics 79
6 Institutional Foundations of Economic Growth and Price Stability 99
7 The Micro-Foundations of High Unemployment in Developed Countries: Are Labor Market Rigidities the Problem? 123
8 Can a Rising Tide Raise All Boats? Evidence from the Kennedy-Johnson and Clinton-Era Expansions 150
9 Housing and Homelessness in a Globalizing Economy 182
10 Debt and Deforestation 213
11 Reconciling Growth and Environment 229
Afterword: A Japanese Social Initiative - The Relevant View 250
Index 253
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