Publisher's Synopsis
This collection of survey articles sheds light on crucial questions in the field of monetary, financial and macroeconomic policy.
- Applies rigorous economic theory and empirical analysis to important practical policy issues.
- Considers the role of the financial sector in economic development.
- Looks at why financial crises occur and how they can be avoided.
- Discusses the relationship between macroeconomic adjustment and poverty.
- Asks if low-inflation rate regimes are at risk from the 'zero bound' to nominal interest rates.
- Provides accessible overviews of recent research into these questions.
