Confronting Policy Challenges of the Great Recession: Lessons for Macroeconomic Policy

Authors

Eskander Alvi Editor, Western Michigan University

Publication Date

1-1-2017

DOI

10.17848/9780880996389

Abstract

This book presents several notable economists who describe the perils the economy faced during the Great Recession and the policies—some successful, others not so much—that were implemented and why. By now, economists have had nearly a decade to examine the causes and consequences of the damage wrought by the Great Recession, and to assess the ensuing efforts to right the economy. The unprecedented losses, which spread across the global economy, posed extraordinary challenges for central bankers and policymakers alike, who were forced to throw out the playbook and create new, untested means for restoring growth.

Files

Contents

1. The Great Recession, Fallout, and What We Learned / Eskander Alvi
2. The Great Depression and the Great Recession in a Historical Mirror / Barry Eichengreen
3. The Great Recession and Lessons for Policymaking / Gary Burtless
4. Central Banking in the Great Recession: New Policies, Old Principles / Donald Kohn
5. Fiscal Policy and Full Employment / Laurence Ball, J. Bradford DeLong, and Lawrence H. Summers
6. International Dimensions of the Great Recession and the Weak Recovery / Kathryn M. E. Dominguez

Note

The chapters in this volume are based on lectures from the fifty-first Werner Sichel Lecture Series in 2014-2015 at Western Michigan University.

ISBN

9780880996372 (cloth) ; 9780880996365 (pbk.) ; 9780880996389 (ebook)

Subject Areas

LABOR MARKET ISSUES; INTERNATIONAL ISSUES; ECONOMIC DEVELOPMENT; UNEMPLOYMENT, DISABILITY, and INCOME SUPPORT PROGRAMS; WORKFORCE DEVELOPMENT