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This book examines how China's decentralization process has affected and will affect the country's macroeconomic performance and the functioning of the market. With an innovative application of game theory, the author develops an analytical framework that can explain the behavio…
This book examines how China's decentralization process has affected and will affect the country's macroeconomic performance and the market function. With an innovative application of game theory, the author develops an analytical framework that can explain the behaviour of the …
This book argues that making the budget deficit a target of policy can make it harder for governments to work towards all the main macroeconomic objectives - low inflation, high employment and the level of net national wealth (including the current account). It shows how differ…
"This book represents the first global survey of taxation in the premodern world. What emerges is a rich variety of institutions, including experiments with sophisticated instruments such as sovereign debt and fiduciary money, challenging the notion of a typical premodern stage …
Studies of the recent financial crisis have been largely dominated by economists, but the similarities and differences between European countries' response reflect both economic and political perspectives which have resulted in considerable differences in their decisions. Drawin…
"In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions."--Jacket.