EconPapers: In the Wake of the Crisis: Leading Economists Reassess Economic Policy, vol 1
On the monetary policy side, however, one idea seems to emerge from the five different papers: it is that mainstream macroeconomics failed to include an analysis of credit markets through its obsession with inflation-targeting. On the fiscal policy side, there is broad agreement that more questions should be asked concerning the usefulness and timeliness of fiscal stimulus during a crisis, rather than assuming from the start as was the case pre-crisis that it should only be used as a last resort. The reason, according to David Romer, is that the crisis showed that the zero lower bound on nominal interest rates was much more constraining than initially thought.
- The Break-up of Yugoslavia and International Law (Routledge Studies in International Law).
- Slow Burn: Zero Day, Book 1.
- Die Bedeutung des Ereignisses Tod im Wandel der Gesellschaft (German Edition).
- In the Wake of the Crisis;
Here ends the agreement, though, as some argue for or against large fiscal stimuli, for reasons that unfortunately are not always well stated. Regarding financial regulation, the authors call for more attention to be paid on tools other than large shock absorbers and general supervision, such as greater roles for shareholders and boards of directors, transaction taxes and taxes on leverage and debt.
Some call for a reconsideration of the use of rules rather than discretion, offering the regulation of U. Collections of informal essays such as this one inevitably suffer from a lack of consistency which can be interesting in itself and, perhaps more importantly, from excessive vagueness. This collection is no exception, and the lack of argumentative precision comes out especially in the last parts of the book on capital flows in developed and emerging economies.
Stronger financial regulation and macro-prudential oversight is required, [which] applies to emerging markets even more strongly. She has an undergraduate degree in economics and political science and an MSc in economic history from LSE.
She specialises in financial history, and her PhD thesis concentrates on the causes of bank failures in the U. S Great Depression with an emphasis on their behaviour in the s.
She also has a particular interest for political and economic philosophy, economic development, and statistical tools for economic investigation. Clements, B. Cordello, T. Edwards, M.
In the Wake of the Crisis
Fratzscher, M. Goldsbrough, D. Grauwe, P. Grennes, T.
In the Wake of the Crisis: Leading Economists Reassess Economic Policy
Hulme, D. Islam, I. Kanbur, R.
Krueger, A. Kumar, M. Momani, B. Ostry, J.
D, Ghosh, A. Our Shelves. Gift Cards.
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