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Title   After the Great Recession : The Struggle for Economic Recovery and Growth 

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Author   CYNAMON / FAZZARI / SETTERFIELD  ISBN   9781107436756  Add to shopping cart   
Publisher   Cambridge University Press  Group   Commerce/Law View shopping cart
Binding   Paperback Category   Economics  Terms and conditions
Edition   1 Type   Go back
Publication Year   2014 
Subject   International business 
Stock Status   Not currently in stock - contact store for availability 
Order Status   Not currently on order 
Synopsis The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007 and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society.

Featured in the October 2014 Business Books newsletter
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