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Policy Stability and Economic Growth - Lessons from the Great Recession (Paperback)
Loot Price: R289
Discovery Miles 2 890
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Policy Stability and Economic Growth - Lessons from the Great Recession (Paperback)
Series: Readings in Political Economy, 5
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Loot Price R289
Discovery Miles 2 890
Expected to ship within 12 - 17 working days
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John Taylor is one of the foremost economists of our generation.
His ideas were implemented in central banks across the world during
the period of price stability, economic growth and financial
stability that followed the 1980s. This period culminated in the
financial crisis of 2008 which was followed by a very slow recovery
which, seven years on, can hardly be said to be complete. This book
presents Taylor's view of the financial crisis and its
aftermath.Taylor argues that deviating from strict policy rules,
both before and since the crisis, contributed to the events of
2008-13 and, especially, the very slow recovery in national income
after the financial crisis. Furthermore, in other areas of
government activity, such as regulation and law-making more
generally, instability is being created, which is very bad for the
economy.
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