UID:
almahu_9947414827502882
Format:
1 online resource (xvii, 340 pages) :
,
digital, PDF file(s).
ISBN:
9781139059589 (ebook)
Content:
The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007 and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Introduction and Overview:
,
Understanding the great recession /
,
America's exhausted paradigm: macroeconomic causes of the financial crisis and great recession /
,
Emergence of Financial Instability:
,
Minsky's money manager capitalism: assessment and reform /
,
Trying to serve two masters: the dilemma of financial regulation /
,
How bonus-driven 'rainmaker' financial firms enrich top employees, destroy shareholder value, and create systemic financial instability /
,
Household Spending and Debt: Source of Past Growth-Seeds of Recent Collapse:
,
The end of the consumer age /
,
Wages, demand and U.S. macroeconomic travails: diagnosis and prognosis /
,
Global Dimensions of U.S. Crisis:
,
Global imbalances and U.S. trade in the great recession and its aftermath /
,
Economic Policy after the Great Recession:
,
Confronting the Kindleberger moment: credit, fiscal, and regulatory policy to avoid economic disaster /
,
Fiscal policy: the recent record and lessons for the future /
,
No need to panic about U.S. government deficits /
,
Fiscal policy for the great recession and beyond /
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Demand, finance, and uncertainty beyond the great recession /
Additional Edition:
Print version: ISBN 9781107015890
Language:
English
Subjects:
Economics
,
Political Science
Keywords:
Aufsatzsammlung
URL:
https://doi.org/10.1017/CBO9781139059589
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(lizenzpflichtig)
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