Alex Cukierman's Books

Central Bank Strategy, Credibility, and Independence

Theory and Evidence

By: Alex Cukierman

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Central Bank Strategy, Credibility, and Independence

Theory and Evidence

By: Alex Cukierman

This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.

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Page Count

532

Publisher

MIT Press

Published Date

ISBN 10

0262031981

ISBN 13

9780262031981

Central Bank Strategy, Credibility, and Independence

Theory and Evidence

By: Alex Cukierman

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Central Bank Strategy, Credibility, and Independence

Theory and Evidence

By: Alex Cukierman

This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.

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Age

Page Count

532

Publisher

MIT Press

Published Date

ISBN 10

0262031981

ISBN 13

9780262031981

Political Economy, Growth, and Business Cycles

By: Leonardo Leiderman,Zvi Hercowitz,Alex Cukierman

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Political Economy, Growth, and Business Cycles

By: Leonardo Leiderman,Zvi Hercowitz,Alex Cukierman

These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth.

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Page Count

422

Publisher

Mit Press

Published Date

ISBN 10

0262528703

ISBN 13

9780262528702

It is Only Natural: Europe’s Low Interest Rates

By: Mr.Marco Arena,Gabriel Di Bella,Mr.Alfredo Cuevas,Mr.Borja Gracia,Vina Nguyen,Alex Pienkowski

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It is Only Natural: Europe’s Low Interest Rates

By: Mr.Marco Arena,Gabriel Di Bella,Mr.Alfredo Cuevas,Mr.Borja Gracia,Vina Nguyen,Alex Pienkowski

Estimates of the natural interest rate are often useful in the analysis of monetary and other macroeconomic policies. The topic gathered much attention following the great financial crisis and the Euro Area debt crisis due to the uncertainty regarding the timing of monetary policy normalization and the future path of interest rates. Using a sample of European countries (including several members of the Euro Area), this paper provides estimates of country-specific natural interest rates and some of their drivers between 2000 and 2019. In line with the literature, our findings suggest that natural interest rates declined during this period, and despite a rebound in the last few years of it, they have not recovered to their pre-crisis levels. The paper also discusses the implications of the decline in natural interest rates for monetary conditions and debt sustainability.

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International Monetary Fund

Published Date

ISBN 10

1513549170

ISBN 13

9781513549170

The Macroeconomics of Corruption

Governance and Growth

By: Maksym Ivanyna,Alex Mourmouras,Peter Rangazas

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The Macroeconomics of Corruption

Governance and Growth

By: Maksym Ivanyna,Alex Mourmouras,Peter Rangazas

This textbook examines corruption through a macroeconomic lens, exploring the relationship between corruption, fiscal policy, and political economy. The book merges macroeconomic growth models with elements of political economic theory to address important applied topics such as income inequality within and across countries, growth slowdowns, and fiscal crises. Most of the basic ideas are illustrated using a two-period model of government investment that captures the future cost of policies that favor the present (Chapters 2-3). The more subtle and advanced issues are illustrated and, in some cases, quantified, using the overlapping-generations model of economic growth (Chapters 4-6). The models used to illustrate the mechanisms of economic growth are extended to incorporate politics and the behavior of public officials (Chapters 3, 5-7). The text concludes with a thorough discussion of policy reforms designed to address the issues discussed in earlier chapters. Intended for students familiar with intermediate-level economics, the book contains a technical appendix, including detailed explanations of each model, end-of-chapter questions and problems, and a complete solutions manual, making it ideal for self-study. Offering a unified explanation for the causes and consequences of government failure, fiscal crisis, and the needed policy reforms, this text is appropriate for advanced undergraduate and beginning graduate courses in macroeconomics, political economy, and public policy.

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Page Count

312

Publisher

Springer

Published Date

ISBN 10

3319686666

ISBN 13

9783319686660

Book's by Alex Cukierman

Central Bank Strategy, Credibility, and Independence

Central Bank Strategy, Credibility, and Independence

Central Bank Strategy, Credibility, and Independence

Central Bank Strategy, Credibility, and Independence

Political Economy, Growth, and Business Cycles

Political Economy, Growth, and Business Cycles

It is Only Natural: Europe’s Low Interest Rates

It is Only Natural: Europe’s Low Interest Rates

The Macroeconomics of Corruption

The Macroeconomics of Corruption

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