The paradox of risk
leaving the monetary policy comfort zone
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Word Count
74,500 words, Guess
Page Count
298 pages
Identifiers
- ISBN-100881327190
- ISBN-139780881327199
- Library of Congress Control Number2016043450
- OCLC Control Number950448936
- Better World Books9780881327199
and 1 more
- Open LibraryOL26964827M
Classifications
- DDC339.5/3
- LCCHG230.3 .U25 2017
- LCCHG230.3.U25 2017
Description
For decades, economic policymakers have worshipped at the altar of combating inflation, reducing public deficits, and discouraging risky behavior by investors. That mindset made them hesitate when the global financial crisis erupted in 2007-08. Ubide's thesis is that central banks' fear of inflation and risk taking has hampered their efforts to revive global prosperity. In their confusion, he argues, policymakers made the recovery weaker. He calls on world leaders to abandon old shibboleths and learn the lessons from the financial crisis and its sluggish aftermath.
Subjects
Series Statement
- Policy analyses in international economics -- 108
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