Evolution or Revolution?

Evolution or Revolution?
Author :
Publisher : MIT Press
Total Pages : 388
Release :
ISBN-10 : 9780262039369
ISBN-13 : 0262039362
Rating : 4/5 (362 Downloads)

Book Synopsis Evolution or Revolution? by : Olivier Blanchard

Download or read book Evolution or Revolution? written by Olivier Blanchard and published by MIT Press. This book was released on 2019-04-16 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression led to the Keynesian revolution and dramatic shifts in macroeconomic theory and macroeconomic policy. Similarly, the stagflation of the 1970s led to the adoption of the natural rate hypothesis and to a major reassessment of the role of macroeconomic policy. Should the financial crisis and the Great Recession lead to yet another major reassessment, to another intellectual revolution? Will it? If so, what form should it, or will it, take? These are the questions taken up in this book, in a series of contributions by policymakers and academics. The contributors discuss the complex role of the financial sector, the relative roles of monetary and fiscal policy, the limits of monetary policy to address financial stability, the need for fiscal policy to play a more active role in stabilization, and the relative roles of financial regulation and macroprudential tools. The general message is a warning against going back to precrisis ways—to narrow inflation targeting, little use of fiscal policy for stabilization, and insufficient financial regulation. Contributors David Aikman, Alan J. Auerbach, Ben S. Bernanke, Olivier Blanchard, Lael Brainard, Markus K. Brunnermeier, Marco Buti, Benoît Cœuré, Mario Draghi, Barry Eichengreen, Jason Furman, Gita Gopinath, Pierre-Olivier Gourinchas, Andrew G. Haldane, Philipp Hildebrand, Marc Hinterschweiger, Sujit Kapadia, Nellie Liang, Adam S. Posen, Raghuram Rajan, Valerie Ramey, Carmen Reinhart, Dani Rodrik, Robert E. Rubin, Jay C. Shambaugh, Tharman Shanmugaratnam, Jeremy C. Stein, Lawrence H. Summers


Evolution or Revolution? Related Books

Evolution or Revolution?
Language: en
Pages: 388
Authors: Olivier Blanchard
Categories: Business & Economics
Type: BOOK - Published: 2019-04-16 - Publisher: MIT Press

GET EBOOK

Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression
Imagining the Darwinian Revolution
Language: en
Pages: 320
Authors: Ian Hesketh
Categories: Science
Type: BOOK - Published: 2022-06-14 - Publisher: University of Pittsburgh Press

GET EBOOK

This volume considers the relationship between the development of evolution and its historical representations by focusing on the so-called Darwinian Revolution
Revolution and Evolution
Language: en
Pages: 307
Authors: James Boggs
Categories: History
Type: BOOK - Published: 2008 - Publisher: NYU Press

GET EBOOK

"This book provides a concise and instructive review of the revolutions of the twentieth century, with separate chapters on the Russian, Chinese, Guinea-Bissau,
Economic Evolution and Revolution in Historical Time
Language: en
Pages: 703
Authors: Paul W. Rhode
Categories: Business & Economics
Type: BOOK - Published: 2011-01-28 - Publisher: Stanford University Press

GET EBOOK

This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane wh
Evolution or Revolution?
Language: en
Pages: 388
Authors: Olivier Blanchard
Categories: Business & Economics
Type: BOOK - Published: 2019-04-16 - Publisher: MIT Press

GET EBOOK

Leading economists discuss post–financial crisis policy dilemmas, including the dangers of complacency in a period of relative stability. The Great Depression