in Cambridge Journal of Economics
January 2014; p ublished online July 2013 .
Journal Article. Subjects: General Equilibrium and Disequilibrium; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; General Aggregative Models; Capitalist Systems; History of Economic Thought (1925 onwards). 11726 words.
This article investigates Oskar Lange’s 1938 article, ‘The rate of interest and the optimum propensity to consume’, with the intention of providing a thorough interpretation of this rather...
in The Oxford Handbook of State and Local Government Finance
March 2012; p ublished online September 2012 .
Article. Subjects: Economics; Public Economics; Macroeconomics and Monetary Economics. 10887 words.
This article tackles the issue of comprehensive state budget reform. With structural deficits rampant, reform is needed to maintain the current level of programs that states and localities...
in Measuring Economic Sustainability and Progress
October 2014; p ublished online May 2015 .
Chapter. Subjects: Macroeconomics and Monetary Economics. 13067 words.
The goal of this paper is to address the divergent trends between rising GDP, or national output, and its distribution to individuals. This paper provides distributional measures of...
in Macroeconomics and Development
April 2016; p ublished online September 2016 .
Chapter. Subjects: Macroeconomics and Monetary Economics. 6720 words.
the long-term evolution of the Brazilian economy is examined in this chapter. The authors use models that emphasize the determinants of aggregate supply to help decipher the puzzle of...
in The Handbook of Mortgage-Backed Securities
August 2016; p ublished online October 2016 .
Chapter. Subjects: Financial Markets; Macroeconomics and Monetary Economics. 7273 words.
This chapter discusses the role of accrual bonds in the collateralized mortgage obligation (CMO) market. The accrual bond is a long-dated bond which is structured in such a way that it does...
in Capital and Time
October 1987; p ublished online November 2003 .
Chapter. Subjects: Macroeconomics and Monetary Economics. 4334 words.
The idea of a capital aggregate was not really used in Part II of this book. This chapter looks at what would happen if capital aggregates were used; or at least to examine what would have...
in Time for a Visible Hand
January 2010; p ublished online February 2010 .
Chapter. Subjects: Macroeconomics and Monetary Economics. 8184 words.
The chapter by Carvalho explores the accumulation of international reserves as a defensive strategy, as well as the reasons and limitations of their “self‐insurance” function. Conceptually,...
in Towards Human Development
April 2014; p ublished online May 2014 .
Chapter. Subjects: Economic Development and Growth; Macroeconomics and Monetary Economics. 8017 words.
Richard Jolly is best known for his long period of service as Deputy Executive Director of UNICEF under the leadership of the late Jim Grant. Richard oversaw the creation of the UNICEF...
in Conquering the Fear of Freedom
April 2015; p ublished online May 2015 .
Chapter. Subjects: Financial Markets; Macroeconomics and Monetary Economics. 15632 words.
Chapter 2 reviews Japan’s restrictive system of trade and payments—how it worked and how it was liberalized. The restrictive system was not only conceived as a mechanism to conserve scarce...