| Description |
1 online resource (vii, 359 pages) : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Summary |
Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights. The contributors consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements. |
| Local Note |
MIT Press Direct MIT Press Direct Open Access |
| Subject |
Monetary policy.
|
|
Monetary policy. |
|
Fiscal policy.
|
|
Fiscal policy. |
|
Financial crises -- Government policy.
|
|
Financial crises -- Government policy. |
|
Financial crises. |
|
Economic policy.
|
|
Economic policy. |
|
Macroeconomics.
|
|
Macroeconomics. |
|
Global Financial Crisis, 2008-2009.
|
|
Global Financial Crisis (2008-2009) |
| Indexed Term |
ECONOMICS/Macroeconomics |
| Added Author |
Akerlof, George A., 1940- editor.
|
|
Blanchard, Olivier (Olivier J.), editor.
|
|
Romer, David, editor.
|
|
Stiglitz, Joseph E., editor.
|
| ISBN |
9780262323444 (electronic book) |
|
0262323443 (electronic book) |
|
9780262323451 (electronic book) |
|
0262323451 (electronic book) |
|
9780262027342 |
|
0262027348 |
| Standard No. |
10.5089/9780262027342.071 |
|
