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Progress and confusion : the state of macroeconomic policy /

Leading economists consider the shape and future of economic policy: Will it resume the pre-crisis consensus or contend with the post-crisis "new normal"? Have we made progress with addressing the major issues or does confusion remain in today's economic environment? Chapters address...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Blanchard, Olivier (Olivier J.) (Editor ), Rajan, Raghuram (Editor ), Rogoff, Kenneth S. (Editor ), Summers, Lawrence H. (Editor )
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, Massachusetts : The MIT Press, [2016]
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • A roadmap to "progress and confusion" / Olivier Blanchard and Rafael Portillo
  • Part 1. The "new normal." Debt supercycle, not secular stagnation / Kenneth Rogoff
  • Rethinking secular stagnation after seventeen months / Lawrence Summers
  • Part 2. Systemic risk and financial regulation. A note from the session on systemic risk and financial regulation / Paul Volcker
  • A comparative analysis of financial sector health in the United States, Europe, and Asia / Viral Acharya
  • Rethinking financial regulation : how confusion has prevented progress / Anat R. Admati
  • Systemic risk and financial regulation : where do we stand? / Philipp Hildebrand
  • Shadow banking as a source of systemic risk / Robert Rubin
  • Part 3. Macroprudential policies. Macroprudential policy regimes : definition and institutional implications / Paul Tucker
  • Macroprudential tools, their limits and their connection with monetary policy / Hyun Song Shin
  • A simple cost-benefit analysis of using monetary policy for financial-stability purposes / Lars E.O. Svensson
  • Part 4. Monetary policy in the future. Introduction to the monetary policy section / Jos Vilals
  • Monetary policy in the future / Ben Bernanke
  • A monetary policy for the future / John Taylor
  • The credit surface and monetary policy / John Geanakoplos
  • Remarks on the future of monetary policy / Gill Marcus
  • Part 5. Fiscal policy in the future. Fiscal policy for the twenty-first century : testing the limits of the tax state? / Vitor Gaspar
  • The future of fiscal policy / Martin Feldstein
  • What future for rules-based fiscal policy? / Marco Buti
  • On the proper size of the public sector and the level of public debt in the twenty-first century / J. Bradford DeLong
  • Part 6. Capital flows, exchange rate management, and capital controls. Floating exchange rates, self oriented policies, and limits to economic integration / Maurice Obstfeld
  • Some lessons of the global financial crisis from an EME and a Brazilian perspective / Luiz Awazu Pereira da Silva
  • Capital inflows, exchange rate management and capital controls / Agustin Carstens
  • Part 7. The international monetary and financial system. The international monetary and financial system : eliminating the blind spot / Jaime Caruana
  • Prospects and challenges for financial and macroeconomic policy coordination / Zeti Akhtar Aziz
  • Global safe asset shortage : the role of central banks / Ricardo Caballero
  • Going bust for growth / Raghuram Rajan
  • Part 8. Conclusion. Rethinking macro policy : progress or confusion? / Olivier Blanchard
  • Contributors
  • Index.