Contemporary Economic Issues Macroeconomics and Finance [Paperback]

This volume contains chapters on a range of topics which include economic methodology in macroeconomics, central bank independence, policy signalling, public policy as second best analysis, the determinants of economic growth, a continuum approach to unemployment policy, and pensions. The volume dispels the notion that these are largely unrelated issues and illustrates the merger process which is taking place between hitherto rather separate economic sub-disciplines. They move the focus of attention and challenge received wisdom.List of Abbreviations and Acronyms - Notes on the Contributors - Introduction; H.C.Wolf - Why Economists do not make Discoveries; E.Malinvaud - Policy Signalling in the Open Economy: A Re-examination; A.Drazen - The Economics of Central Banking; A.Cukierman - Modelling International Stock Return Cycles; B.Dumas - Financial Networks and Banking Policy; P.Honohan & D.Vittas - Public Economics as Second-Best Analysis; R.Boadway - On the Determinants of Economic Growth; S.Rebelo - The Continuum Approach to Unemployment Policy: An Overview; J.M.Orszag & D.J.Snower - Can the State engage in Self-Control? A Survey of Old Age Security; S.Valdes-Prieto - Notes - References - Index