Progress and confusion the state of macroeconomic policy

Leading economists consider the shape and future of economic policy: Will it resume the pre-crisis consensus or contend with the post-crisis "new normal"? Have we made progress with addressing the major issues or does confusion remain in today's economic environment? Chapters address...

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Detalles Bibliográficos
Otros Autores: Blanchard, Olivier (Olivier J.), editor (editor)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Cambridge, Massachusetts : The MIT Press [2016]
Edición:1st ed
Colección:The MIT Press
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009654606306719
Tabla de Contenidos:
  • Contents; 1 A Road Map to "Progress and Confusion"; Part I The "New Normal"; 2 Debt Supercycle, Not Secular Stagnation; 3 Rethinking Secular Stagnation after Seventeen Months; Part II Systemic Risk and Financial Regulation; 4 A Note from the Session on Systemic Risk and Financial Regulation; 5 A Comparative Analysis of Financial Sector Health in the United States, Europe, and Asia; 6 Rethinking Financial Regulation: How Confusion Has Prevented Progress; 7 Systemic Risk and Financial Regulation: Where Do We Stand?; 8 Shadow Banking as a Source of Systemic Risk
  • Part III: Macroprudential Policies 9 Macroprudential Policy Regimes: Definition and Institutional Implications; 10 Macroprudential Tools, Their Limits, and Their Connection with Monetary Policy; 11 A Simple Cost-Benefit Analysis of Using Monetary Policy for Financial Stability Purposes; Part IV Monetary Policy in the Future; 12 Introduction to the Monetary Policy Section; 13 Monetary Policy in the Future; 14 A Monetary Policy for the Future; 15 The Credit Surface and Monetary Policy; 16 Remarks on the Future of Monetary Policy; Part V Fiscal Policy in the Future
  • 17 Fiscal Policy for the Twenty-First Century: Testing the Limits of the Tax State?18 The Future of Fiscal Policy; 19 What Future for Rules-Based Fiscal Policy?; 20 On the Proper Size of the Public Sector and the Level of Public Debt in the Twenty-First Century; Part VI Capital Flows, Exchange Rate Management, and Capital Controls; 21 Floating Exchange Rates, Self-Oriented Policies, and Limits to Economic Integration; 22 Some Lessons of the Global Financial Crisis; 23 Capital Inflows, Exchange Rate Management, and Capital Controls; Part VII The International Monetary and Financial System
  • 24 The International Monetary and Financial System: Eliminating the Blind Spot 25 Prospects and Challenges for Financial and Macroeconomic Policy Coordination; 26 Global Safe Asset Shortage: The Role of Central Banks; 27 Going Bust for Growth; Part VIII Conclusion; 28 Rethinking Macro Policy: Progress or Confusion?; List of Contributors; Index