Stabilizing the Economy

Why and How
Erscheinungsjahr 2006
ISBN: 978-1-4051-0882-9
Verlag: Wiley

Buch, Englisch, 300 Seiten, Format (B × H): 152 mm x 229 mm

Contributions from the top economists and policy makers.Investigates the economic downturn of 2001 - 2002 - among the most aggressively counter - cyclical in history.
Discusses government use of monetary and fiscal policy to stabilize the economy.
The stabilization of business cycles is under heated policy debate.

The response of U.S. macroeconomic policy to the economic downturn of 2001 - 2002 was among the most aggressively counter - cyclical in history, while the response of the Japanese macroeconomic policy to a decade of stagnation was among the least activist in history. The European Union has self - imposed constraints on monetary and fiscal stabilization, while emerging markets have criticized the IMF constraining counter - cyclical policies too much in its adjustment programs. Should governments use monetary and fiscal policy to try to stabilize the real economy? Under what conditions? Does international integration change the capaity of monetary and fiscal policy to do so? This book brings together top economists and policymakers to debate these issues.

Autoren/Hrsg.

Posen, Adam

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politikberatung
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Sozialpolitik

Über Autor(innen)

Adam Posen is Senior Fellow at the Institute for International Economics. From 1994-1997 he was Economist in International Research at the Federal Reserve Bank of New York. He has been a consultant to the International Monetary Fund and to several US Government agencies and a visiting scholar at central banks worldwide.Benn Steil is Andre Meyer Senior Fellow at the Council on Foreign Relations, New York. From 1992-1998 he was Director of the International Economics Programme at the Royal Institute of International Affairs.