Upjohn Institute Press

Pages: 146
Year Published: 
2017
$40.00 cloth
ISBN: 9780880996372
$15.00 paper
ISBN: 9780880996365

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

Eskander Alvi, Editor

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.

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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.

This book presents several notable economists who describe the perils the economy faced at that time and the policies—some successful, others not so much—that were implemented and why. Overall it provides an encompassing account that includes comparisons with the Great Depression, the political fallout from the Great Recession and the challenges policymakers faced in restoring growth, the role of monetary policy in stabilizing the economy, the disappointing recovery, and how financial integration of developed nations around the world helped spread the downturn.

Contributors include Barry Eichengreen; Gary Burtless; Donald Kohn; Laurence Ball, J. Bradford DeLong; and Kathryn M.E. Dominguez.

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