This book focuses on the need to "put the management in charge" of the implementation of public investment and public policies, in order to render as flexible as possible the project response to the unforeseen changes in the environment, in a world where uncertainty and irreversibility dominate. In particular, the book reviews the attempts from several countries to: (i)Empower managers to move away from ex-ante controls, while increasing accountability through continuous monitoring and evaluation of performance; (ii)Make project design more flexible through modularity and sequencing;...

This book covers some of the most important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications.