Macroeconomic Policy after the Crash
Issues in Monetary and Fiscal Policy
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Beschreibung
This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. Focusing specifically on issues in monetary and fiscal policy, chapters demonstrate that very little that was done during this period conformed to the simple textbook treatment of macroeconomic policy: central banks cutting policy rates or finance ministers cutting the rate of income tax. The author guides the reader through the revolution in the conduct of macroeconomic policy in an engaging and approachable manner, and illuminates the key innovations in the toolkit and themes in the debate over past years with great detail, from negative rates to quantitative easing, and from austerity versus financial repression, restructuring and default to productivity puzzles and deflation.
This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. Focusing specifically on issues in monetary and fiscal policy, chapters demonstrate that very little that was done during this period conformed to the simple textbook treatment of macroeconomic policy: central banks cutting policy rates or finance ministers cutting the rate of income tax. The author guides the reader through the revolution in the conduct of macroeconomic policy in an engaging and approachable manner, and illuminates the key innovations in the toolkit and themes in the debate over past years with great detail, from negative rates to quantitative easing, and from austerity versus financial repression, restructuring and default to productivity puzzles and deflation.
Provides detailed background and analysis of the revolution of macroeconomic policy
Offers particular emphasis on the impact of macroeconomic policy changes in the UK
Explores policy debates, economic tools and policy instruments of the post-crash era in an approachable manner
Features the insight of the author’s lifetime of industry experience
Autor*in
Richard Barwell
Themen in »Macroeconomic Policy after the Crash«
Austerity Central Banks Deflation Financial Crisis Policy Rates Prudential Policy Quantitative Easing Regulation Restructuring economic policy economics policy political science politics public policy