After the great recession
the struggle for economic recovery and growth
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Publication
2012 - Cambridge University Press, Cambridge, England
Language
English
Word Count
85,000 words, Guess
Page Count
340 pages
Identifiers
- Open LibraryOL25270736M
- ISBN-139781107015890
- OCLC Control Number783520974
- OCLC Control Numberisbn_9781107015890
- Library of Congress Control Number2012012602
Classifications
- DDC330.973
- LCCHC106.84 .A37 2012
Description
"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 short-term 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"--
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