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Evolution or Revolution? - Rethinking Macroeconomic Policy after the Great Recession (Hardcover) Loot Price: R537
Discovery Miles 5 370
You Save: R219 (29%)
Evolution or Revolution? - Rethinking Macroeconomic Policy after the Great Recession (Hardcover): Olivier Blanchard, Lawrence...

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Evolution or Revolution? - Rethinking Macroeconomic Policy after the Great Recession (Hardcover)

Olivier Blanchard, Lawrence H. Summers

Series: The MIT Press

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List price R756 Loot Price R537 Discovery Miles 5 370 You Save R219 (29%)

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Leading economists discuss post-financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways-to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoit C ure, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers

General

Imprint: MIT Press
Country of origin: United States
Series: The MIT Press
Release date: April 2019
First published: 2019
Editors: Olivier Blanchard • Lawrence H. Summers (Professor and President Emeritus)
Dimensions: 229 x 152 x 25mm (L x W x T)
Format: Hardcover - Cloth over boards
Pages: 392
ISBN-13: 978-0-262-03936-9
Categories: Books > Business & Economics > Economics
Books > Business & Economics > Economics > Macroeconomics
Books > Business & Economics > Economics > Macroeconomics > General
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LSN: 0-262-03936-2
Barcode: 9780262039369

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