Economic Policy: Theory and Practice - Hardcover

Bénassy-Quéré, Agnès

Hardcover

ISBN 10: 0195322738 ISBN 13: 9780195322736

Publisher: OXFORD UNIV PR, 2010

Synopsis

Is the inflation objective of the European central bank set too low? Is European national debt excessive? Is a fixed or floating exchange rate better? Which taxes should be reformed? Can the European standard of living catch up with that of the United States? This book, a translation of a book published in French (de Boeck, 2004), brings precisely argued answers to these questions using rigorous economic analysis. The authors join together for the first time in one volume the fundamentals of the macroeconomic field with analysis of current debates in economic policy. They take the point of view of a policy maker who must intervene in one particular aspect of policy, and thus they put the reader at the cutting edge of the main issues, debates and challenges related to each policy aspect. Economic Policy explores in an open-ended way what various existing theories, macro and micro, have to say on these current policies, and points out the limits of each theory. Overall, it demonstrates to the reader how he or she can build upon the combination of existing theories and also on common sense in order to design adequate policy responses. The work will appeal to a large audience, including students in economics, management, and political science graduate schools, and professional economists and policy makers interested in issues in macroeconomics.

About this title

Review:

A revolutionary approach to teaching in macroeconomics...This book will undoubtedly influence researchers and policy makers for many years to come. (Philippe Aghion, Harvard University)

A unique combination of positive and normative analysis...paving the way for a fresh approach to understanding and teaching economics. (Erik Berglöf, Chief Economist, EBRD)

This book is a book I would have loved to write. (Olivier Blanchard, MIT and Chief Economist, IMF)

A remarkable achievement...Let's hope Economic Policy becomes widely used. If so, it will revolutionize the teaching of macroeconomics. (Alan S. Blinder, Princeton University, former Vice-Chairman of the Board of Governors of the Federal Reserve System)

A superb job. A must-read for anyone who wants to understand the turbulent times we live in. (Raghuram Rajan, Chicago's Booth School of Business)

An indispensable guide for economists, policymakers and students. (Jacques de Larosière, BNP-Paribas, former IMF Managing Director)

Students and policymakers alike will find this book useful, engaging and thought-provoking. (Philipp Hildebrand, Chairman of the Governing Board, Swiss National Bank)

A fascinating example of how economics can be used to explain a complicated world and come up with convincing policy conclusions. (Hans-Werner Sinn, University of Munich and CESifo)

A remarkable achievement, that fills an enormous gap. (Guido Tabellini, Bocconi University)

Not just a textbook but also a reflection on the causes and effects of the current global financial and economic crisis. (Yongding Yu, Chinese Academy of Social Sciences)

About the Author:

Agnès Bénassy-Quéré is the Director of the CEPII, the French leading research institute in international economics, and a Professor at University Paris-Ouest (on leave). She is a member of France's Commission Economique de la Nation and also teaches at Ecole Polytechnique. Her research interests focus on the international monetary system and European macroeconomic policy. Benoit Coeuré teaches international economics and economic policy at École polytechnique in Paris. He has served in various official positions in the French government including as the CEO of France's debt management office, Agence France Trésor and as France's deputy deputy to the G-7 and G-20. He has also been the co-President of the Paris Club. Benoît Coeuré has authored articles and books on economic policy, the international monetary system and the economics of European integration. Since January 2002, Pierre Jacquet has been executive director (in charge of strategy) and chief economist at the French Development Agency (AFD). He was formerly deputy director of the French Institute of International Relations (IFRI) and chief editor of IFRI's quarterly review Politique Etrangère. He is professor of international economics and chairman of the department of economics and finance at the Ecole des Ponts - ParisTech and a guest professor in executive programs at the French business school INSEAD. His fields of interest include globalization, international monetary and financial issues, trade policies and negotiations, economic policy and development. Jean Pisani-Ferry is the Director of Bruegel, the Brussels-based economic think tank, and a professor of economics with Université Paris-Dauphine. He has had a career in research and policy, both in France and at European level. He has been Executive President of the French PM's Council of Economic Analysis, Senior Economic Adviser to the French Minister of Finance, Director of CEPII, the French institute for international economics, and Economic Adviser with the European Commission. He has a regular column in Le Monde and Handelsblatt.

About this edition

• Publisher: OXFORD UNIV PR
• Publication date: 2010
• ISBN 10: 0195322738
• ISBN 13: 9780195322736
• Binding: Hardcover
• Number of pages: 724