Screen LibraryProgress and confusion : the state of macroeconomic policy /
Leading economists consider the shape and future of economic policy: Will it resume the pre-crisis consensus or contend with the post-crisis "new normal"? Have we made progress with addressing the major issues or does confusion remain in today's economic environment? Chapters address...
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| Group Author: | ; ; ; |
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| Published: |
The MIT Press,
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| Publisher Address: | Cambridge, Massachusetts : |
| Publication Dates: | [2016] |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Summary: |
Leading economists consider the shape and future of economic policy: Will it resume the pre-crisis consensus or contend with the post-crisis "new normal"? Have we made progress with addressing the major issues or does confusion remain in today's economic environment? Chapters address topics that range from the measurement of systemic risk to foreign exchange intervention. |
| Carrier Form: | 304 pages : illustrations, map ; 23 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9780262535991 0262535998 |
| Access: | Open access. |
| Index Number: | HG230 |
| CLC: | F11 |
| Call Number: | F11/P964-2 |
| Contents: |
A roadmap to "progress and confusion" / The "new normal." Debt supercycle, not secular stagnation / Rethinking secular stagnation after seventeen months / Systemic risk and financial regulation. A note from the session on systemic risk and financial regulation / A comparative analysis of financial sector health in the United States, Europe, and Asia / Rethinking financial regulation : how confusion has prevented progress / Systemic risk and financial regulation : where do we stand? / Shadow banking as a source of systemic risk / Macroprudential policies. Macroprudential policy regimes : definition and institutional implications / Macroprudential tools, their limits and their connection with monetary policy / A simple cost-benefit analysis of using monetary policy for financial-stability purposes / Monetary policy in the future. Introduction to the monetary policy section / Monetary policy in the future / A monetary policy for the future / The credit surface and monetary policy / Remarks on the future of monetary policy / Fiscal policy in the future. Fiscal policy for the twenty-first century : testing the limits of the tax state? / The future of fiscal policy / What future for rules-based fiscal policy? / On the proper size of the public sector and the level of public debt in the twenty-first century / Capital flows, exchange rate management, and capital controls. Floating exchange rates, self oriented policies, and limits to economic integration / Some lessons of the global financial crisis from an EME and a Brazilian perspective / Capital inflows, exchange rate management and capital controls / The international monetary and financial system. The international monetary and financial system : eliminating the blind spot / Prospects and challenges for financial and macroeconomic policy coordination / Global safe asset shortage : the role of central banks / Going bust for growth / Conclusion. Rethinking macro policy : progress or confusion? / Contributors -- Index. |