Macroeconomics of Corruption

Maksym Ivanyna is a Senior Economist at the Joint Vienna Institute, which he joined in 2011. He holds Doctor’s degrees in Economics from Regensburg University (Germany) and Michigan State University (USA). Apart from teaching at the JVI and other training centers, Maksym has served as a consultant to the IMF, World Bank, European Commission, German Institute for Development, and Centre for EU Enlargement.  Alex Mourmouras is division chief in the Asia and Pacific department of the IMF where he has served as mission chief for Vietnam, Singapore and Malaysia. He was previously division chief in the IMF Institute for Capacity Development and economist in the Fund’s Policy Development and Review and Fiscal Affairs Departments. He holds a Ph.D in economics from the University of Minnesota and a BA degree from Harvard College (US). Peter Rangazas is Professor and Master’s Program Director, Economics at Indiana University–Purdue University Indianapolis (US). He regularly publishes in academic economics journals including the American Economic Review, Review of Economics and Statistics, Journal of Monetary Economics, and Journal of Economic Growth.  He is coauthor of Economic Growth and Development: A Dynamic Dual Economy Approach, also published by Springer.

• Chapter 1. introduction.- Chapter 2. Two-Period Model of Government Investment.- Chapter 3. Politics and Corruption in the Two-Period Model.- Chapter 4. Overlapping-Generations Model of Growth.- Chapter 5. Fiscal Policy in the Overlapping-Generations Model. Chapter 5. Politics, Corruption, and Economic Growth.- Chapter 7. Corruption and Debt.- Chapter 8. The Political Economy of Policy Reforms.- Chapter 9. Conclusions.