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What Have We Learned? - 9780262027342

Un libro in lingua di Akerlof George (EDT) Blanchard Olivier (EDT) Romer David (EDT) Stiglitz Joseph (EDT) edito da Mit Pr, 2014

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Since 2008, economic policymakers and researchers have occupied a brave new economicworld. Previous consensuses have been upended, former assumptions have been cast into doubt, and newapproaches have yet to stand the test of time. Policymakers have been forced to improvise andresearchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume'seditors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, theInternational Monetary Fund brought together leading economists and economic policymakers to discussthe slowly emerging contours of the macroeconomic future. This book offers their combined insights.The editors and contributors--who include the Nobel Laureate and bestselling author Joseph Stiglitz,Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel StanleyFischer--consider the lessons learned from the crisis and its aftermath. They discuss, among otherthings, 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) andtheir effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange ratearrangements.

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