Beyond stimulus versus austerity: pluralist capacity building in macroeconomics

Austerity Versus Stimulus: An Introduction to the Special Issue

The Great Recession or Global Financial Crisis of 20072008 began with the collapse of several major financial institutions in both Europe and the United States. This crisis had a major impact on the well-being of citizens around the world, including the U.S. and Europe, where unemployment soared, many thriving but marginal small businesses were shuttered, and homelessness skyrocketed as highly ...

Austerity Versus Stimulus: Theoretical Perspectives and Policy Implications

Training, Coaching and Beyond: Building Capacity in Your Wraparound Workforce

A wraparound has continued to grow and expand, so has the variation among wraparound projects. This variation may be driven by political circumstances as they play out in funding and organizational options. It also may be driven by bureaucratic and administrative issues such as those related to Medicaid funding or state licensing requirements. Variation can also be fueled by human resource conc...

International Macroeconomics: Beyond the Mundell-Fleming Model

Modern international macroeconomics progresses in twomain ways. First, techniques or paradigms developed in mainstream micro or macro theory have been applied in an international setting. Second, researchers probe more deeply, using both theoretical and empirical methods, into the classic issues that define international economics as a distinct field–the implications of sovereign governments an...

Expectations in Macroeconomics: Adaptive versus Eductive Learning1

Rational expectations solutions to macroeconomic models are equilibria requiring the coordination of expectations, and one can investigate the local stability of these solutions under alternative learning rules. Eductive (mental) approaches to learning have somewhat stricter stability conditions than do adaptive (statistical) approaches, as we illustrate using three economic models. The expecta...