The Global Macro Economy and Finance

Front Matter....Pages i-xix
Introduction....Pages 1-10
Front Matter....Pages 11-11
On the Measurement of Social Progress and Wellbeing: Some Further Thoughts....Pages 13-24
The Role of Statistics in the United States’ Economic Future....Pages 25-37
Measuring Equitable and Sustainable Wellbeing in Italy....Pages 38-57
Front Matter....Pages 59-59
Sectoral Imbalances and Long-run Crises....Pages 61-97
Capital Flows, Crises, and Externalities....Pages 98-117
Liquidity Shocks and Asset Prices in the Business Cycle....Pages 118-130
Whither Capitalism? Financial Externalities and Crisis....Pages 131-153
Bank Lending and Credit Supply Shocks....Pages 154-176
A Mechanism Design Approach to Financial Frictions....Pages 177-187
Front Matter....Pages 189-189
Systemic Risk and Macroprudential Regulation....Pages 191-210
Filling the Gaps — the Vienna Initiative and the Role of International Financial Institutions in Crisis Management and Resolution....Pages 211-223
Some Recent Progresses on Financial Structure and Development....Pages 224-244
The Race to Zero....Pages 245-270
A Model of Private Equity Fund Compensation....Pages 271-286
Front Matter....Pages 287-287
How Should Income from Multinationals Be Taxed?....Pages 289-312
Taxing Multinationals in a World with International Mergers and Acquisitions: Should the Home Country Exempt Foreign Income?....Pages 313-328
Back Matter....Pages 329-338