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Evolution or revolution [electronic resource] rethinking macroeconomics after the Great recession
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | Evolution or revolution : rethinking macroeconomics after the Great recession/ edited by Olivier Blanchard and Lawrence H. Summers. [electronic resource]. |
| 개인저자 | Blanchard, Olivier,1971- editor, Summers, Lawrence H.,editor, |
| 발행사항 | Cambridge: MIT Press, 2019. |
| 형태사항 | 1 online resource (392 pages). |
| 기타형태 저록 | Print version: Evolution or revolution 9780262039369 |
| ISBN | 9780262351270 0262351277 |
| 요약 | 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. |
| 일반주제명 | Macroeconomics. Fiscal policy. Economic policy. Economic policy. Fiscal policy. Macroeconomics. BUSINESS & ECONOMICS / Economics / Macroeconomics POLITICAL SCIENCE / Economic Conditions |
| 언어 | 영어 |
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