Andrés Velasco – författare

Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.

Populist movements, parties and leaders have gained influence in many countries, disrupting long-established patterns of party competition, impugning the legitimacy of representative institutions and sometimes actively weakening or coarsening government capabilities. By positing an acute contrast between the will of the people and established elites, and advocating simplistic policy solutions careless of minority rights, populists have challenged the development and even the maintenance of liberal democracy on many fronts.Social scientists’ attention to populism has grown rapidly, although it remains somewhat fragmented across disciplines. Many questions remain. Are populism’s causes economic or cultural? National or local? Is populism a threat to liberal democracy? If so, what kind of threat? And what can be done about it? Employing a range of conceptual toolkits and methods, this interdisciplinary book addresses in a critical and evidence-based way the most common diagnoses of populism’s causes, consequences and policy antidotes.

A generation ago, the so-called Washington Consensus laid out a series of dos and don'ts for policymakers around the world. Today, that vision is recognised as having fallen short in a number of ways - particularly in its neglect of the social and institutional factors that are indispensable for achieving sustained growth and for building fairer and more cohesive societies.The immense challenges humanity faces are easy to list: climate change, pandemics, social inequalities, the far-reaching effects of the tech revolution and AI, a fragmenting world economy, and a wave of populism and political polarisation that has undermined support for liberal democracy in many countries. It is much harder to identify a set of new ideas - and policies - that will solve these seemingly intractable global problems. In this new world, political leaders and policymakers need guidance and principles that can assist when choosing among policy alternatives. To this end, the editors of this volume convened over 50 of the world's leading economists and policy experts at the London School of Economics and Political Science (LSE). The London Consensus: Economic Principles for the 21st Century is the result of these exchanges. It is not intended as a one-size-fits-all set of economic remedies, but an exercise in assembling the best available evidence and ideas to foster dialogue, and ultimately to develop a set of principles that can address the urgent political, social and economic tasks ahead.