In the Wake of the Crisis: Leading Economists Reassess Economic Policy
()
Currently unavailable
Currently unavailable
About this ebook
In 2011, the International Monetary Fund invited prominent economists and economic policy makers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. For instance, to what extent are financial markets efficient and self-correcting? How crucial is low and stable inflation for growth and the real stability of the economy? How strong is the case for open capital markets? Too often, the standard models provided insufficient guidance on how to respond to the unprecedented situations created by the crisis. As a result, policy makers have been forced to improvise. What to do when interest rates reach the zero floor? How best to provide liquidity to segmented financial institutions and markets? How much to use fiscal policy starting from high levels of debt? These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital account management, growth strategies, and the international monetary system, and the economic models that should underpin thinking about critical policy choices. Among the new realities they consider are the swing of the pendulum toward regulation; the need for new theoretical approaches, incorporating advances in agency theory, behavioral economics, and understanding of credit markets and finance based on theories of imperfect information; and the importance for macroeconomic policy to target not just inflation but also output and financial stability. This title is copublished with The MIT Press. For more information, please visit www.mitpress.mit.edu.
Related to In the Wake of the Crisis
Related ebooks
Dr. Mohamed A. El-Erian's The Only Game in Town Central Banks, Instability, and Avoiding the Next Collapse | Summary Rating: 4 out of 5 stars4/5Austerity: When is it a mistake and when is it necessary? Rating: 0 out of 5 stars0 ratingsChipping Away at Public Debt: Sources of Failure and Keys to Success in Fiscal Adjustment Rating: 1 out of 5 stars1/5Summary of The Only Game in Town: by Mohamed A. El Erian | Includes Analysis Rating: 0 out of 5 stars0 ratingsSummary of The Only Game in Town: by Mohamed A. El Erian | Includes Analysis Rating: 0 out of 5 stars0 ratingsRecession-Proof Your Life: The Ultimate Guide to Financial Stability During Economic Downturns Rating: 0 out of 5 stars0 ratingsThe Crisis of Crowding: Quant Copycats, Ugly Models, and the New Crash Normal Rating: 0 out of 5 stars0 ratingsHazardous Forecasts and Crisis Scenario Generator Rating: 0 out of 5 stars0 ratingsRethinking Money and Capital: New Economics for Qe, Stimulus, Negative Interest, and Cryptocurrencies Rating: 0 out of 5 stars0 ratingsThe Magic Money Tree and Other Economic Tales Rating: 0 out of 5 stars0 ratingsMonetary Policy in an Uncertain World: Ten Years After the Crisis Rating: 0 out of 5 stars0 ratingsLearning From the Global Financial Crisis: Creatively, Reliably, and Sustainably Rating: 0 out of 5 stars0 ratingsPopulism and the Future of the Fed Rating: 0 out of 5 stars0 ratingsThe Future of Finance: A New Model for Banking and Investment Rating: 0 out of 5 stars0 ratingsGambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis Rating: 5 out of 5 stars5/5Financial Markets and Economic Performance: A Model for Effective Decision Making Rating: 0 out of 5 stars0 ratingsRational Market Economics: A Compass for the Beginning Investor Rating: 0 out of 5 stars0 ratingsManaging Country Risk in an Age of Globalization: A Practical Guide to Overcoming Challenges in a Complex World Rating: 0 out of 5 stars0 ratingsThe Squam Lake Report: Fixing the Financial System Rating: 4 out of 5 stars4/5The Why's of Economics: How Governments and Central Banks run the economy Rating: 0 out of 5 stars0 ratingsThe General Theories of Inflation, Unemployment, and Government Deficits Rating: 0 out of 5 stars0 ratingsNBER Macroeconomics Annual 2016 Rating: 0 out of 5 stars0 ratingsMastering International Finance Rating: 0 out of 5 stars0 ratingsFinancial Crises, Liquidity, and the International Monetary System Rating: 3 out of 5 stars3/5Markets in Chaos: A History of Market Crises Around the World Rating: 0 out of 5 stars0 ratingsPolicy Stability and Economic Growth: Lessons from the Great Recession Rating: 0 out of 5 stars0 ratingsThriving in Turbulent Times: A Comprehensive Guide to Personal Financial Management During Recessions Rating: 0 out of 5 stars0 ratingsA U-Turn on the Road to Serfdom: Prospects for Reducing the Size of the State Rating: 0 out of 5 stars0 ratingsUnderstanding Government Finance Rating: 0 out of 5 stars0 ratings
Finance & Money Management For You
The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5Strategy Skills: Techniques to Sharpen the Mind of the Strategist Rating: 4 out of 5 stars4/5The Richest Man in Babylon Rating: 4 out of 5 stars4/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5The 7 Habits of Highly Effective People: 15th Anniversary Infographics Edition Rating: 5 out of 5 stars5/5Wealthology: The Science of Smashing Money Blocks Rating: 3 out of 5 stars3/5How Rich People Think: Condensed Edition Rating: 4 out of 5 stars4/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5The Freedom Shortcut: How Anyone Can Generate True Passive Income Online, Escape the 9-5, and Live Anywhere Rating: 5 out of 5 stars5/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5The Total Money Makeover by Dave Ramsey: Summary and Analysis Rating: 4 out of 5 stars4/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom Rating: 4 out of 5 stars4/5Reefer Madness: Sex, Drugs, and Cheap Labor in the American Black Market Rating: 4 out of 5 stars4/5The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors Rating: 4 out of 5 stars4/5You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P Rating: 4 out of 5 stars4/5Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life Rating: 4 out of 5 stars4/5The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions Rating: 3 out of 5 stars3/5The Physics of Wall Street: A Brief History of Predicting the Unpredictable Rating: 4 out of 5 stars4/5Leading with Cultural Intelligence 3rd Edition: The Real Secret to Success Rating: 4 out of 5 stars4/5
Reviews for In the Wake of the Crisis
0 ratings0 reviews