Monetary Policy after the Great Recession: The Role of Interest Rates., Sieron, Arkadiusz
Автор: Cynamon Название: After the Great Recession ISBN: 1107015898 ISBN-13(EAN): 9781107015890 Издательство: Cambridge Academ Рейтинг: Цена: 30238 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007 and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society.
Автор: Sieron, Arkadiusz (university Of Wroclaw) Название: Monetary policy after the great recession ISBN: 0367471892 ISBN-13(EAN): 9780367471897 Издательство: Taylor&Francis Рейтинг: Цена: 21236 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The author provides a thorough analysis of the issues related to the interest rates in the conduct of monetary policy, such as the risk-taking channel of monetary policy, zombie firms in the economy and the difference between the neutral and natural interest rate and the negative interest rate policy.
Автор: Cynamon Название: After the Great Recession ISBN: 1107436753 ISBN-13(EAN): 9781107436756 Издательство: Cambridge Academ Рейтинг: Цена: 7549 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book collects essays about the US Recession of 2007-9 and the subsequent stagnation from scholars who predicted many aspects of the crisis. It argues that the policy challenges require an understanding of how residential construction and consumer spending growth failed and where new spending growth can come from.
Автор: D. Wessel Название: Central Banking after the Great Recession ISBN: 0815726082 ISBN-13(EAN): 9780815726081 Издательство: Eurospan Рейтинг: Цена: 2631 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The global financial crisis is largely behind us, but the challenges it poses to the future stability of the world's economic system affects everyone from American families to Main Street businesses to Wall Street financial powerhouses. It has provoked controversy over the best way to reduce the risk of a repeat of what proved to be the worst financial crisis since the Great Depression. To describe those challenges--and the lessons learned--the Hutchins Center on Fiscal and Monetary Policy at Brookings turned to frontline policymakers and some of their most prominent critics. Central Banking after the Great Recession contains the resulting research, leading off with a telling interview between Ben Bernanke, then in his final weeks as Federal Reserve chairman, and Liaquat Ahamed, author of the Pulitzer Prize-winning Lords of Finance. Insightful chapters by John Williams of the San Francisco Federal Reserve Bank, Paul Tucker of Harvard University, and Donald Kohn of Brookings discuss unconventional monetary policy, financial regulation, the impact of the crisis on the independence of the Federal Reserve. Each chapter is followed by a lively debate.
Contents
1. Introduction
2. A Conversation with Ben Bernanke
3. Monetary Policy When Rates Hit Zero: Putting Theory into Practice
4. Regulatory Reform: What'a Done? What Isn't?
5. Federal Reserve Independence after the Financial Crisis: Should We Be Worried?
Описание: The Great Depression and the Great Recession are the two great economic crises of the past hundred years. In Hall of Mirrors, Barry Eichengreen draws on his unparalleled expertise for a brilliantly conceived dual-track account of the two crises and their consequences.
Автор: Miles David, Panizza Ugo, Reis Ricardo Название: And Yet It Moves: Inflation and the Great Recession ISBN: 1912179059 ISBN-13(EAN): 9781912179053 Издательство: Eurospan Рейтинг: Цена: 5706 р. Наличие на складе: Нет в наличии.
Автор: Arestis P., Karakitsos E. Название: Financial Stability in the Aftermath of the `Great Recession` ISBN: 1349462470 ISBN-13(EAN): 9781349462476 Издательство: Springer Рейтинг: Цена: 15305 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The financial crisis and the ensued `great recession` are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.
In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, rather than reserve creation or destruction, became the Fed's chief tool for influencing economic activity, was to have far-reaching consequences--almost all of them regrettable.
Besides intensifying the downturn by causing banks to hoard reserves, the floor system all but destroyed the market for unsecured interbank loans that had been banks' ordinary "first resort" source of last-minute liquidity. By depriving the Fed's asset purchases of the ability to stimulate investment and spending, it also compelled the Fed to compensate by purchasing assets on an unprecedented scale. All of this resulted in a substantial increase in the Fed's role in allocating scarce credit. Finally, by severing the ordinary connection between the stance of monetary policy and the extent of the Fed's asset holdings, the floor system risks turning the Fed's balance sheet into a fiscal-policy playground.
Floored offers a matchless account of our post-crisis monetary system's history and shortcomings.
Описание: The Great Depression and the Great Recession are the two great economic crises of the past hundred years. In Hall of Mirrors, Barry Eichengreen draws on his unparalleled expertise for a brilliantly conceived dual-track account of the two crises and their consequences. He describes how the "lessons" of the Great Depression importantly shaped the policy response to the recent crisis, for both better and worse, but also how the recent crisis will re-shape ourunderstanding of the Depression.
Автор: I. Islam; S. Verick Название: From the Great Recession to Labour Market Recovery ISBN: 1349328863 ISBN-13(EAN): 9781349328864 Издательство: Springer Рейтинг: Цена: 16070 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book sheds light on the impact of the Great Recession from the perspective of both developing and developed countries. It traces the complex and multiple causes of the Great Recession, delineates the diversity in the macroeconomic and labour market consequences, and highlights the effectiveness of policy responses undertaken so far.
Автор: Reyes Alejandro Название: The Interest of Time: A Great Balance Sheet Recession ISBN: 057842715X ISBN-13(EAN): 9780578427157 Издательство: Неизвестно Рейтинг: Цена: 5690 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Martin Kahanec; Klaus F. Zimmermann Название: Labor Migration, EU Enlargement, and the Great Recession ISBN: 3662453193 ISBN-13(EAN): 9783662453193 Издательство: Springer Рейтинг: Цена: 19897 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume extends and deepens our knowledge about cross-border mobility and its role in an enlarged EU. The authors also evaluate brain circulation as a sought-after vehicle of improved allocative efficiency of EU labor markets and propose a policy agenda for mobility in an enlarged EU.
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