Coverart for item
The Resource In the wake of the crisis : leading economists reassess economic policy, edited by Olivier J. Blanchard, David Romer, Michael Spence and Joseph Stiglitz

In the wake of the crisis : leading economists reassess economic policy, edited by Olivier J. Blanchard, David Romer, Michael Spence and Joseph Stiglitz

Label
In the wake of the crisis : leading economists reassess economic policy
Title
In the wake of the crisis
Title remainder
leading economists reassess economic policy
Statement of responsibility
edited by Olivier J. Blanchard, David Romer, Michael Spence and Joseph Stiglitz
Contributor
Editor
Subject
Genre
Language
eng
Summary
In 2011, the International Monetary Fund invited prominent economists and economic policy makers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. For instance, to what extent are financial markets efficient and self-correcting? How crucial is low and stable inflation for growth and the real stability of the economy? How strong is the case for open capital markets? Too often, the standard models provided insufficient guidance on how to respond to the unprecedented situations created by the crisis. As a result, policy makers have been forced to improvise. What to do when interest rates reach the zero floor? How best to provide liquidity to segmented financial institutions and markets? How much to use fiscal policy starting from high levels of debt? These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital account management, growth strategies, and the international monetary system, and the economic models that should underpin thinking about critical policy choices. Among the new realities they consider are the swing of the pendulum toward regulation; the need for new theoretical approaches, incorporating advances in agency theory, behavioral economics, and understanding of credit markets and finance based on theories of imperfect information; and the importance for macroeconomic policy to target not just inflation but also output and financial stability. This title is copublished with The MIT Press
Member of
Cataloging source
N$T
Dewey number
339.5
Illustrations
illustrations
Index
index present
LC call number
HB3717 2008
LC item number
.I6 2012eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1943-
http://library.link/vocab/relatedWorkOrContributorName
  • Blanchard, Olivier
  • Romer, David
  • Spence, Michael
  • Stiglitz, Joseph E.
http://library.link/vocab/subjectName
  • Global Financial Crisis, 2008-2009
  • Fiscal policy
  • Monetary policy
  • Economic development
  • BUSINESS & ECONOMICS
  • POLITICAL SCIENCE
  • Economic development
  • Fiscal policy
  • Monetary policy
  • Wirtschaftskrise
  • Wirtschaftspolitik
Label
In the wake of the crisis : leading economists reassess economic policy, edited by Olivier J. Blanchard, David Romer, Michael Spence and Joseph Stiglitz
Instantiates
Publication
Copyright
Note
Conference proceedings
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Monetary policy -- Questions: how should the crisis affect our views of monetary policy? -- Monetary policy in the wake of the crisis / Olivier Blanchard -- Conventional wisdom challenged? Monetary policy after the crisis / Guillermo Ortiz -- Lessons for monetary policy / Otmar Issing -- Macroeconomics, monetary policy, and the crisis / Joseph Stiglitz -- Fiscal policy -- Questions: how should the crisis affect our views of fiscal policy? -- Fiscal stimulii and consolidation / Parthasarathi Shome -- What have we learned about fiscal policy from the crisis? / David Romer -- Fiscal policy responses to economic crisis / Sri Mulyani Indrawati -- Fiscal policy / Robert Solow -- Financial intermediation and regulation -- Questions: how should the crisis affect our views about financial intermediation and regulation? -- Financial crisis and financial intermediation: asking different questions / Y.V. Reddy -- Global liquidity / Hyun Song Shin -- Optimal financial intermediation: why more isn't always better / Adair Turner -- Process, responsibility, and Myron's law / Paul Romer -- Capital-account management -- Questions: how should the crisis affect our views of capital-account management? -- Notes on capital-account management / Ricardo Caballero -- Remarks on capital-account management / Arminio Fraga -- Capital-account management: key issues / Rakesh Mohan -- The case for regulating cross-border capital flows / José Antonio Ocampo -- Growth strategies -- Questions: how should the crisis affect our views of growth and growth strategies? -- Do we need to rethink growth policies / Dani Rodrik -- Is the Chinese growth model replicable? / Andrew Sheng -- Growth in the post-crisis world / Michael Spence -- The international monetary system -- Questions: how should the crisis affect our views of the international monetary system? -- The implication of cross-border banking and foreign currency swap lines for the international monetary system / Már Guðmundsson -- The international monetary system / Olivier Jeanne -- International monetary system reform : a practical agenda / Charles Collyns -- Liquidity and the international monetary system / Maurice Obstfeld -- Concluding remarks / Olivier Blanchard -- Index
Control code
778565043
Dimensions
unknown
Extent
1 online resource (x, 239 pages)
File format
unknown
Form of item
online
Isbn
9781280499203
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
9786613594433
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 359443
  • 22573/ctt5mxzkd
  • 7bc3bd65-05f9-432a-9ed8-1df69495eb1f
  • 9451
  • 9780262301831
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)778565043
Label
In the wake of the crisis : leading economists reassess economic policy, edited by Olivier J. Blanchard, David Romer, Michael Spence and Joseph Stiglitz
Publication
Copyright
Note
Conference proceedings
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Monetary policy -- Questions: how should the crisis affect our views of monetary policy? -- Monetary policy in the wake of the crisis / Olivier Blanchard -- Conventional wisdom challenged? Monetary policy after the crisis / Guillermo Ortiz -- Lessons for monetary policy / Otmar Issing -- Macroeconomics, monetary policy, and the crisis / Joseph Stiglitz -- Fiscal policy -- Questions: how should the crisis affect our views of fiscal policy? -- Fiscal stimulii and consolidation / Parthasarathi Shome -- What have we learned about fiscal policy from the crisis? / David Romer -- Fiscal policy responses to economic crisis / Sri Mulyani Indrawati -- Fiscal policy / Robert Solow -- Financial intermediation and regulation -- Questions: how should the crisis affect our views about financial intermediation and regulation? -- Financial crisis and financial intermediation: asking different questions / Y.V. Reddy -- Global liquidity / Hyun Song Shin -- Optimal financial intermediation: why more isn't always better / Adair Turner -- Process, responsibility, and Myron's law / Paul Romer -- Capital-account management -- Questions: how should the crisis affect our views of capital-account management? -- Notes on capital-account management / Ricardo Caballero -- Remarks on capital-account management / Arminio Fraga -- Capital-account management: key issues / Rakesh Mohan -- The case for regulating cross-border capital flows / José Antonio Ocampo -- Growth strategies -- Questions: how should the crisis affect our views of growth and growth strategies? -- Do we need to rethink growth policies / Dani Rodrik -- Is the Chinese growth model replicable? / Andrew Sheng -- Growth in the post-crisis world / Michael Spence -- The international monetary system -- Questions: how should the crisis affect our views of the international monetary system? -- The implication of cross-border banking and foreign currency swap lines for the international monetary system / Már Guðmundsson -- The international monetary system / Olivier Jeanne -- International monetary system reform : a practical agenda / Charles Collyns -- Liquidity and the international monetary system / Maurice Obstfeld -- Concluding remarks / Olivier Blanchard -- Index
Control code
778565043
Dimensions
unknown
Extent
1 online resource (x, 239 pages)
File format
unknown
Form of item
online
Isbn
9781280499203
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
9786613594433
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
  • 359443
  • 22573/ctt5mxzkd
  • 7bc3bd65-05f9-432a-9ed8-1df69495eb1f
  • 9451
  • 9780262301831
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)778565043

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