The Global Macro Economy and Finance

1. Introduction
Franklin Allen, Masahiko Aoki, Jean-Paul Fitoussi, Roger Gordon, Nobuhiro Kiyotaki, Joseph E. Stiglitz

Part I. Beyond GDP

2. On the Measurement of Social Progress and Wellbeing: Some Further Thoughts
Jean-Paul Fitoussi, Joseph E. Stiglitz

3. The Role of Statistics in the United States’ Economic Future
J. Steven Landefeld, Shaunda Villones

4. Measuring Equitable and Sustainable Wellbeing in Italy
Enrico Giovannini, Tommaso Rondinella

Part II. Structural Imbalances, Financial Frictions and Externalities

5. Sectoral Imbalances and Long-run Crises
Domenico Gatti, Mauro Gallegati, Bruce C. Greenwald, Alberto Russo, Joseph E. Stiglitz

6. Capital Flows, Crises, and Externalities
Anton Korinek

7. Liquidity Shocks and Asset Prices in the Business Cycle
Shouyong Shi

8. Whither Capitalism? Financial Externalities and Crisis
Marcus Miller, Lei Zhang

9. Bank Lending and Credit Supply Shocks
Simon Gilchrist, Egon Zakrajšek

10. A Mechanism Design Approach to Financial Frictions
Nobuhiro Kiyotaki

Part III. Behavior of Financial Institutions and Prudential Regulations

11. Systemic Risk and Macroprudential Regulation
Franklin Allen, Elena Carletti

12. Filling the Gaps — the Vienna Initiative and the Role of International Financial Institutions in Crisis Management and Resolution
Erik Berglof

13. Some Recent Progresses on Financial Structure and Development
Justin Yifu Lin, Lixin Colin Xu

14. The Race to Zero
Andrew G. Haldane

15. A Model of Private Equity Fund Compensation
Wonho Wilson Choi, Andrew Metrick, Ayako Yasuda

Part IV. Taxation in a Globalized Economy

16. How Should Income from Multinationals Be Taxed?
Roger Gordon

17. Taxing Multinationals in a World with International Mergers and Acquisitions: Should the Home Country Exempt Foreign Income?
John Douglas Wilson

Keywords: Economics, Macroeconomics/Monetary Economics//Financial Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Finance, general, Economic Systems, International Economics