AFTER THE GREAT RECESSION
Z. Cynamon Barry
Oprawa:
TWARDA
Wydawca:
Cambridge University Press
Data premiery:
2012-11-30
ISBN:
9781107015890
Opis produktu
Barry Cynamon is a Research Associate at the Weidenbaum Center on the Economy Government and Public Policy at the Washington University St Louis. His early research on the US consumer age of the past quarter century linked rising household spending and debt to group interactions and cultural norms. This work was published in 2008 just as the risk of collapse it identified played out to become known as the Great Recession. He has also published research on both monetary and fiscal policy and is Chief Financial Officer of GLC Investments a renewable energy investment management firm. He holds an MBA from the University of Chicago.A collection of essays about the US Great Recession of 2007 to 2009 and the subsequent stagnation from prominent scholars.This book collects essays about the US Recession of 20079 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.This book collects essays about the US Recession of 20079 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.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 shortterm 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.Part I. Introduction and Overview: 1. Understanding the great recession Barry Z. Cynamon Steven M. Fazzari and Mark Setterfield: 2. Americas exhausted paradigm: macroeconomic causes of the financial crisis and great recession Thomas I. Palley: Part II. Emergence of Financial Instability: 3. Minskys money manager capitalism: assessment and reform L. Randall Wray: 4. Trying to serve two masters: the dilemma of financial regulation Jan Kregel: 5. How bonusdriven rainmaker financial firms enrich top employees destroy shareholder value and create systemic financial instability James Crotty: Part III. Household SpendiData Publikacji: 2012-11-30
Wymiary: 228 mm 152 mm 23 mm 590 gr
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