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Evolution or revolution : rethinking macroeconomics after the Great recession / [electronic resource]

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자료유형E-Book
개인저자Blanchard, Olivier, 1971-, editor.
Summers, Lawrence H., editor.
서명/저자사항Evolution or revolution :rethinking macroeconomics after the Great recession /edited by Olivier Blanchard and Lawrence H. Summers.[electronic resource]
발행사항Cambridge : MIT Press, 2019.
형태사항1 online resource (392 pages).
소장본 주기Added to collection customer.56279.3
ISBN9780262351270
0262351277

요약Leading 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.
일반주제명Macroeconomics.
Fiscal policy.
Economic policy.
Economic policy.
Fiscal policy.
Macroeconomics.
BUSINESS & ECONOMICS / Economics / Macroeconomics
POLITICAL SCIENCE / Economic Conditions
언어영어
기타형태 저록Print version:Evolution or revolution9780262039369
대출바로가기http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2100966

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