Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.

Handbook of Knowledge Representation describes the essential foundations of Knowledge Representation, which lies at the core of Artificial Intelligence (AI). The book provides an up-to-date review of twenty-five key topics in knowledge representation, written by the leaders of each field. It includes a tutorial background and cutting-edge developments, as well as applications of Knowledge Representation in a variety of AI systems. This handbook is organized into three parts. Part I deals with general methods in Knowledge Representation and reasoning and covers such topics as classical logic in Knowledge Representation; satisfiability solvers; description logics; constraint programming; conceptual graphs; nonmonotonic reasoning; model-based problem solving; and Bayesian networks. Part II focuses on classes of knowledge and specialized representations, with chapters on temporal representation and reasoning; spatial and physical reasoning; reasoning about knowledge and belief; temporal action logics; and nonmonotonic causal logic. Part III discusses Knowledge Representation in applications such as question answering; the semantic web; automated planning; cognitive robotics; multi-agent systems; and knowledge engineering. This book is an essential resource for graduate students, researchers, and practitioners in knowledge representation and AI. * Make your computer smarter* Handle qualitative and uncertain information* Improve computational tractability to solve your problems easily

Why the card catalog—a “paper machine” with rearrangeable elements—can be regarded as a precursor of the computer. Today on almost every desk in every office sits a computer. Eighty years ago, desktops were equipped with a nonelectronic data processing machine: a card file. In Paper Machines, Markus Krajewski traces the evolution of this proto-computer of rearrangeable parts (file cards) that became ubiquitous in offices between the world wars. The story begins with Konrad Gessner, a sixteenth-century Swiss polymath who described a new method of processing data: to cut up a sheet of handwritten notes into slips of paper, with one fact or topic per slip, and arrange as desired. In the late eighteenth century, the card catalog became the librarian's answer to the threat of information overload. Then, at the turn of the twentieth century, business adopted the technology of the card catalog as a bookkeeping tool. Krajewski explores this conceptual development and casts the card file as a “universal paper machine” that accomplishes the basic operations of Turing's universal discrete machine: storing, processing, and transferring data. In telling his story, Krajewski takes the reader on a number of illuminating detours, telling us, for example, that the card catalog and the numbered street address emerged at the same time in the same city (Vienna), and that Harvard University's home-grown cataloging system grew out of a librarian's laziness; and that Melvil Dewey (originator of the Dewey Decimal System) helped bring about the technology transfer of card files to business.