What Have We Learned?

Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises. Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have...

Полное описание

Сохранить в:
Библиографические подробности
Формат: Online
Язык:английский
Опубликовано: The MIT Press 2022
Предметы:
Online-ссылка:ONIX_20220125_9780262323444_58
Метки: Добавить метку
Нет меток, Требуется 1-ая метка записи!
_version_ 1869524598208331776
collection Directory of Open Access Books
description Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises. 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 editors and contributors—who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer—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.
format Online
id doab-20.500.12854ir-77911
institution Directory of Open Access Books
language eng
publishDate 2022
publishDateRange 2022
publishDateSort 2022
publisher The MIT Press
publisherStr The MIT Press
record_format ojs
spelling doab-20.500.12854ir-779112024-03-30T02:53:40Z What Have We Learned? Akerlof, George A. Blanchard, Olivier Romer, David Stiglitz, Joseph E. Macroeconomics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises. 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 editors and contributors—who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer—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. 2022-01-25T15:08:28Z 2022-01-25T15:08:28Z 2014 book ONIX_20220125_9780262323444_58 9780262323444 9780262027342 https://directory.doabooks.org/handle/20.500.12854/77911 eng image/jpeg n/a http://mitpress.mit.edu/9780262027342 The MIT Press The MIT Press ae0cf962-f685-4933-93d1-916defa5123d 9780262323444 9780262027342 The MIT Press 368 Cambridge open access
spellingShingle Macroeconomics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics
What Have We Learned?
title What Have We Learned?
title_full What Have We Learned?
title_fullStr What Have We Learned?
title_full_unstemmed What Have We Learned?
title_short What Have We Learned?
title_sort what have we learned
topic Macroeconomics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics
topic_facet Macroeconomics
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics
url ONIX_20220125_9780262323444_58