The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic...

Joseph Stiglitz is one of the world’s greatest economists. He has made fundamental contributions to economic theory in areas such as inequality, the implications of imperfect and asymmetric information, and competition, and he has been a major figure in policy making, a leading public...

With international contributors, this second volume in Contemporary Issues, by Joseph Stiglitz, includes theoretical, empirical, and policy oriented chapters based on careful utilization of theory and data analysis

Stiglitz brings together this edited collection that presents a series of studies on contemporary macroeconomic issues and contains a set of key lessons for macroeconomic theory and policies from the recent global financial crisis