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Author: Lawrence H. White
Publisher: Cambridge University Press
ISBN: 1107012422
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
This book places economic debates in their historical context and outlines how economic ideas have influenced swings in policy.
Author: Rudolph Gerhard Penner
Publisher: The Urban Insitute
ISBN: 9780877664857
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
The book focuses on the macro fiscal policy changes and asks what have been learned from this turbulent decade about the effects of fiscal policy on the economy.
Author: Lawrence H. White
Publisher: Cambridge University Press
ISBN: 1107012422
Category : Business & Economics
Languages : en
Pages : 439
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Book Description
This book places economic debates in their historical context and outlines how economic ideas have influenced swings in policy.
Author: George Selgin
Publisher:
ISBN: 9781948647083
Category : Federal Reserve banks
Languages : en
Pages : 230
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Book Description
In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, rather than reserve creation or destruction, became the Fed's chief tool for influencing economic activity, was to have far-reaching consequences--almost all of them regrettable. Besides intensifying the downturn by causing banks to hoard reserves, the floor system all but destroyed the market for unsecured interbank loans that had been banks' ordinary "first resort" source of last-minute liquidity. By depriving the Fed's asset purchases of the ability to stimulate investment and spending, it also compelled the Fed to compensate by purchasing assets on an unprecedented scale. All of this resulted in a substantial increase in the Fed's role in allocating scarce credit. Finally, by severing the ordinary connection between the stance of monetary policy and the extent of the Fed's asset holdings, the floor system risks turning the Fed's balance sheet into a fiscal-policy playground. Floored! offers a matchless account of our post-crisis monetary system's history and shortcomings.
Author: Jonathan Ashworth
Publisher:
ISBN: 9781788212229
Category :
Languages : en
Pages : 192
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Book Description
This book offers a thorough and perspicacious analysis of quantitative easing, which has become a recovery method of last resort. While it was successful in stimulating growth, this strategy remains controversial and continues to promote widespread debate in economics, financial, and political economy circless.
Author: Michael A. Smith
Publisher: Rowman & Littlefield
ISBN: 1793604835
Category : Political Science
Languages : en
Pages : 183
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Book Description
Sam Brownback was the first modern-day conservative to be elected governor of Kansas, the culmination of a rightward shift in the state's often-dominant Republican Party. This book is a detailed case study of the policies implemented over his two terms as governor, paying particular attention to the impact on state government and services, the economy, public education, and the business environment. The authors provide extensive background, historical evidence, and detailed references. The book's real-world relevance is grounded in a discussion of similar policies in other states as well as the US federal government.
Author: Strobe Talbott
Publisher: Simon and Schuster
ISBN: 1416553495
Category : History
Languages : en
Pages : 505
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Book Description
This dramatic narrative of breathtaking scope and riveting focus puts the "story" back into history. It is the saga of how the most ambitious of big ideas -- that a world made up of many nations can govern itself peacefully -- has played out over the millennia. Humankind's "Great Experiment" goes back to the most ancient of days -- literally to the Garden of Eden -- and into the present, with an eye to the future. Strobe Talbott looks back to the consolidation of tribes into nations -- starting with Israel -- and the absorption of those nations into the empires of Hammurabi, the Pharaohs, Alexander, the Caesars, Charlemagne, Genghis Khan, the Ottomans, and the Hapsburgs, through incessant wars of territory and religion, to modern alliances and the global conflagrations of the twentieth century. He traces the breakthroughs and breakdowns of peace along the way: the Pax Romana, the Treaty of Westphalia, the Concert of Europe, the false start of the League of Nations, the creation of the flawed but indispensable United Nations, the effort to build a "new world order" after the cold war, and America's unique role in modern history as "the master builder" of the international system. Offering an insider's view of how the world is governed today, Talbott interweaves through this epic tale personal insights and experiences and takes us with him behind the scenes and into the presence of world leaders as they square off or cut deals with each other. As an acclaimed journalist, he covered the standoff between the superpowers for more than two decades; as a high-level diplomat, he was in the thick of tumultuous events in the 1990s, when the bipolar equilibrium gave way to chaos in the Balkans, the emergence of a new breed of international terrorist, and America's assertiveness during its "unipolar moment" -- which he sees as the latest, but not the last, stage in the Great Experiment. Talbott concludes with a trenchant critique of the worldview and policies of George W. Bush, whose presidency he calls a "consequential aberration" in the history of American foreign policy. Then, looking beyond the morass in Iraq and the battle for the White House, he argues that the United States can regain the trust of the world by leading the effort to avert the perils of climate change and nuclear catastrophe.
Author: Alberto Alesina
Publisher: University of Chicago Press
ISBN: 022601844X
Category : Business & Economics
Languages : en
Pages : 596
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Book Description
The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.
Author: Yascha Mounk
Publisher: Penguin
ISBN: 0593296834
Category : Political Science
Languages : en
Pages : 369
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Book Description
One of Barack Obama's Recommended Reads for Summer “[A] brave and necessary book . . . Anyone interested in the future of liberal democracy, in the US or anywhere else, should read this book.” —Anne Applebaum “A convincing, humane, and hopeful guide to the present and future by one of our foremost democratic thinkers.” —George Packer From one of our sharpest political thinkers, a brilliant big-picture vision of how to bridge the bitter divides within diverse democracies Never in history has a democracy succeeded in being both diverse and equal, treating different ethnic or religious groups fairly. And yet achieving that goal is now central to the democratic project. It is, Yascha Mounk argues, the greatest experiment of our time. Drawing on history, social psychology, and comparative politics, Mounk explains why we need to create a world in which our ascriptive identities come to matter less—not because we ignore global injustices, but because we have succeeded in addressing them. The Great Experiment is that rare book that offers both a profound understanding of an urgent problem and genuine hope for our human capacity to solve it. As Mounk contends, it is up to us and the institutions we build whether we come to see each other as strangers or compatriots. Giving up on the prospect of diverse democracies is simply not an option—and that is why we must strive to realize a more ambitious vision for the future of our societies.
Author: Paul Wallace
Publisher: Cambridge University Press
ISBN: 1107104890
Category : Business & Economics
Languages : en
Pages : 343
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Book Description
A clear, analytical and balanced guide to the euro experiment and subsequent crisis that will appeal to a wide readership.
Author: Michael Luca
Publisher: MIT Press
ISBN: 0262542277
Category : Business & Economics
Languages : en
Pages : 229
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Book Description
How tech companies like Google, Airbnb, StubHub, and Facebook learn from experiments in our data-driven world—an excellent primer on experimental and behavioral economics Have you logged into Facebook recently? Searched for something on Google? Chosen a movie on Netflix? If so, you've probably been an unwitting participant in a variety of experiments—also known as randomized controlled trials—designed to test the impact of different online experiences. Once an esoteric tool for academic research, the randomized controlled trial has gone mainstream. No tech company worth its salt (or its share price) would dare make major changes to its platform without first running experiments to understand how they would influence user behavior. In this book, Michael Luca and Max Bazerman explain the importance of experiments for decision making in a data-driven world. Luca and Bazerman describe the central role experiments play in the tech sector, drawing lessons and best practices from the experiences of such companies as StubHub, Alibaba, and Uber. Successful experiments can save companies money—eBay, for example, discovered how to cut $50 million from its yearly advertising budget—or bring to light something previously ignored, as when Airbnb was forced to confront rampant discrimination by its hosts. Moving beyond tech, Luca and Bazerman consider experimenting for the social good—different ways that governments are using experiments to influence or “nudge” behavior ranging from voter apathy to school absenteeism. Experiments, they argue, are part of any leader's toolkit. With this book, readers can become part of “the experimental revolution.”
