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An important recent advance in macroeconomics is the development of dynamic stochastic general equilibrium (DSGE) macromodels. The use of DSGE models to study monetary policy, however, has led to paradoxical and puzzling results on a number of central monetary issues including price determinacy and liquidity effects. In Money, Interest, and Policy, Jean-Pascal Bénassy argues that moving from the standard DSGE models – which he calls "Ricardian" because they have the famous "Ricardian equivalence" property–to another, "non-Ricardian" model would resolve many of these issues. A Ricardian model represents a household as a homogeneous family of infinitely lived individuals, and Bénassy demonstrates that a single modification–the assumption that new agents are born over time (which makes the model non-Ricardian)–can bridge the current gap between monetary intuitions and facts, on one hand, and rigorous modeling, on the other. After comparing Ricardian and non-Ricardian models, Bénassy introduces a model that synthesizes the two approaches, incorporating both infinite lives and the birth of new agents. Using this model, he considers a number of issues in monetary policy, including liquidity effects, interest rate rules and price determinacy, global determinacy, the Taylor principle, and the fiscal theory of the price level. Finally, using a simple overlapping generations model, he analyzes optimal monetary and fiscal policies, with a special emphasis on optimal interest rate rules.  

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Get ready for one apocalyptic detention. These misfits are going to save the world! Meet Rev, Billie, the Ape, Johnson, GG, Carrie, the Moth and Lucas, a motley crew of bickering teens who find themselves totally alone in the world after a strange power surge hits their classroom during detention. With no answers as to why or how the rest of the world has disappeared, the mismatched group is soon facing a bigger nightmare than they could ever imagine… Standing between them and the only way home are lethal duplicate versions of themselves, super powered teenagers who will kill anyone who gets in their way. Our unlikely heroes must somehow work together to save themselves… or they'll never see home again. SHIFTis the first in a fast-paced, page turner of a series, filled with action, adventure and humour. Perfect for fans of Michael Grant, Charlie Higson and Antony Horowitz and for anyone who loves Misfitsor Shaun of the Dead.

Allison Weiss is a typical working mother, trying to balance a business, ageing parents, a demanding daughter and a marriage. But when the website she develops becomes a huge success, she finds herself challenged to the point of being completely overwhelmed. As she struggles to hold her life together and meet the needs of all the people around her, Allison finds that the painkillers she was prescribed for a back injury help her deal with more than just physical discomfort - they make her feel calm and get her through the increasingly hectic days. Sure, she worries that the bottles seem to empty a bit faster each week, but it's not like she's some Hollywood starlet partying all night. It's not as if she has an actual problem. Until she ends up in a world she never thought she'd experience outside of a movie theatre: rehab. And as Allison struggles to get her life back on track, she learns a few life lessons along the way. With a sparkling comedic touch and tender, true-to-life characterizations, All Fall Down is a tale of empowerment and redemption and Jennifer Weiner's richest, most absorbing and timely story yet.

This is autobiography taken to the highest reaches of fiction, another wonderful novel of scorching power, shot through with honesty and lyricism’ Observer The Kindness of Women continues the story of Jim, the young boy whose experiences in Japanese-occupied Shanghai were described in Empire of the Sun. It follows his return to post-war England, setting his childhood in the context of a lifetime. Jim tries, and fails, to find stability as a medical student at Cambridge, then as a trainee RAF pilot in Canada. Having finally settled into happy family life, his world is ripped apart by domestic tragedy. He plunges into the maelstrom of the 1960s, an instigator and subject of every aspect of cultural, social and sexual revolution. We follow, in all this, the progress of a bruised mind as it tries to make sense of the upheaval around it. Turning conspicuously, as in Empire of the Sun, to the events of his own life, Ballard makes of experience fiction that is frankly startling and, at its most tender, powerfully moving. This edition is part of a new commemorative series of Ballard’s works, featuring introductions from a number of his admirers (including Ali Smith, Iain Sinclair, Martin Amis and Ned Beauman) and brand-new cover designs from the artist Stanley Donwood.

Irish author John Connolly delivers the third novel in his bestselling, critically acclaimed series featuring troubled ex-cop turned detective Charlie Parker. John Connolly takes battered ex-cop Charlie Parker on his third outing after Every Dead Thing and Dark Hollow. Still struggling with the horrific ghosts of his past, Parker is now a disillusioned private eye hired to investigate the circumstances surrounding the death of Grace Peltier—which neither her father nor a former US Senator believe was suicide. The trail leads to a mass grave in northern Maine where a Baptist community disappeared forty years earlier. The deaths of the Baptists and Grace are connected and point in the direction of a shadowy organization known as the Fellowship. With the assistance of some idiosyncratic and murderous acolytes, Parker soon confronts the Fellowship's demonic leader and finds himself caught in a situation more gruesome than even he could ever have imagined.

A forty-year-old secret. An unsolved murder. And a killer who wants to keep it that way... New York Times bestseller John Lescroart delivers a dark, intimate thriller about the price we put on family and the terrible costs of seeking the truth. The Hunter is the third novel in the Wyatt Hunt series - perfect for fans of Michael Connelly and Paul Doiron. 'High-class... first-rate' - Sunday Telegraph It started with an anonymous text: How did your mother die? Private Investigator Wyatt Hunt has never been interested in finding his birth parents, but the discovery that his mother was murdered and the main suspect was his father leaves him with no choice but to take on a case he never knew existed. With the trail of the forty-year-old case long gone cold, Hunt's first priority is to find out who the mysterious texter is and that person's connection to him. But in confronting his past, could Hunt find himself up against a killer who's still very much alive and very dangerous? From the dark streets of San Francisco to the Jonestown massacre in the remote jungles of Guyana, thriller-master John Lescroart weaves a shocking tale about the skeletons inside family closets and the mortal danger outside the front door. What readers are saying about The Hunter: 'So far, this is the best of the Hunt Club set. I read the book twice!' 'Lescroart grabs the reader in the first few pages and never lets go' 'Full of suspense and surprise'