What have we learned? : macroeconomic policy after the crisis

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Tác giả: George A Akerlof, Olivier Blanchard, David Romer, Joseph E Stiglitz

Ngôn ngữ: eng

ISBN-10: 0262027348

ISBN-10: 0262323443

ISBN-10: 0262323451

ISBN-13: 978-0262027342

ISBN-13: 978-0262323444

ISBN-13: 978-0262323451

Ký hiệu phân loại: 339.5 Macroeconomic policy

Thông tin xuất bản: [Washington, D.C.] : Cambridge, Massachusetts : International Monetary Fund ; The MIT Press, 2014

Mô tả vật lý: 1 online resource (vii, 359 pages) : , illustrations

Bộ sưu tập: Tài liệu truy cập mở

ID: 159254

 Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights. The contributors consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation
  macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness
  fiscal stimulus, public debt, and fiscal consolidation
  and exchange rate arrangements.
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