Rezension von : Prasad, Eswar S.: Is the Chinese growth miracle built to last? - In: China Economic Review (Greenwich/Conn.). - 20 (March 2009) 1. - S. 103-123 + Masson, Paul R. ; Dobson, Wendy: Will the renminbi become a world currency? - In: China Economic Review (Greenwich/Conn.). - 20 (March...

The stability and steady-state properties of a small model of the United States and the Rest of the World (MINIMOD) are examined. It is shown that the marginal propensity to consume out of wealth is a crucial parameter, and estimates are chosen to ensure stability of the model. The need to...

Demonstrates how ideas in economics have shaped business decisions and models, as well as government policies. Discusses the pace of future innovation, how economists think about the world, and the role and importance of markets and their limits.

The United States economy is struggling to recover from its worst economic downturn since the Great Depression. After several huge doses of conventional macroeconomic stimulus - deficit-spending and monetary stimulus - policymakers are understandably eager to find innovative no-cost ways of...

Imagine this: a mere century ago, the purchasing power of an average American was one-tenth of what it is today. But what will it take to sustain that growth through the next century? And what can be said about economic growth to aspiring nations seeking higher standards of living for their...