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What Have We Learned?: Macroeconomic Policy after the Crisis

Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights. The contributors consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.OCLC-licensed vendor bibliographic record.

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Series Title
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Call Number
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Publisher
: The MIT Press.,
Collation
1 online resource (vii, 359 pages) :illustrations
Language
English
ISBN/ISSN
9780262323444
Classification
NONE
Content Type
text
Media Type
computer
Carrier Type
online resource
Edition
-
Subject(s)
Financial Crises
Economic policy.
Fiscal policy.
Macroeconomics.
Monetary policy.
Global Financial Crisis, 2008-2009.
Specific Detail Info
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Statement of Responsibility
Other Information
Cataloger
agus
Source
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Validator
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Digital Object Identifier (DOI)
https://direct.mit.edu/books/edited-volume/4977/What-Have-We-Learned-Macroeconomic-Policy-after
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