Focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. This title also includes contributions discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes.
Reviews the traditional case for flexible exchange rates and "countercyclical" - that is, expansionary during recessions and contractionary in booms - monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks.
A groundbreaking work synthesizing economics, political science, and history argues that a cost-benefit trade-off can explain the pattern of nation size and formation.
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