THE LIMITS OF FISCAL MONETARY AND TRADE POLICIES LEIGHTNER J.E. Księgarnia

The Limits of Fiscal, Monetary, and Trade Policies

With many countries facing high unemployment rates, uncertain futures, and inadequate incomes, nobody can deny the dire state which the global economy is currently in. Basic economic policies and institutions are now being questioned more than ever since the Great Depression. In The Limits of Fiscal, Monetary, and Trade Policies, Jonathan E Leightner puts forth the argument that the fundamental cause of the current worldwide economic crisis is a surplus in savings. Through the use of Reiterative Truncated Projected Least Squares (RTPLS, a statistical technique that captures the influence of omitted variables), Leightner estimates and observes the declining effectiveness of fiscal, monetary, and trade policies in America, the European Union, the United Kingdom, Japan, Brazil, China, and Russia. From European austerity measures to Chinese consumption-driven growth, Leightner discusses the attempts made by the governments of these countries to address the crisis in detail as well. With such international comparisons, this book provides compelling evidence that the solution to current global economic woes lies in a redistribution of income that will increase consumption and, thereby, provide a reason to productively invest the current global surplus in savings.

The Core Problem Underlying the Current Crisis

Other Hypotheses About the Crisis

How the Crisis Began, Is Continuing to Unfold, and Is Being Addressed in the USA, the UK, Japan, China, Brazil, Russia, Cyprus, Greece, Ireland, Italy, Portugal, and Spain

The Declining Effectiveness of Monetary policy

The Declining Effectiveness of Fiscal Policy

The Declining Effectiveness of Exchange Rate and Trade Policy

China's Role and Approach to the Crisis

Conclusion

Technical Appendix on the Statistical Technique Used.

350 pages, Hardcover

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.