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The world economy : growth or stagnation?
Authors: --- ---
ISBN: 9781107143340 9781316534502 9781316507742 1107143349 1316507742 1316534502 1316666174 1316667073 1316667227 1316667375 1316667529 1316667979 9781316667972 9781316667521 Year: 2016 Publisher: Cambridge Cambridge University Press

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The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from a unique comparative perspective. Ongoing research from the World KLEMS Initiative is used to comparatively study new sources of growth - including the role of investment in intangible assets, human capital, technology catch-up, and trade in global value chains. This book provides comparisons of industries and economies that are key to analysing the impacts of international trade and investment. This makes it an ideal read for academics and students interested in understanding current patterns of economic growth. It will also be of value to professionals with an interest in the drivers of economic growth and crisis.


Book
Business cycles : fact, fallacy and fantasy
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ISBN: 9789812832764 9812832769 9786612760372 1282760378 9812832785 9789812832788 Year: 2010 Publisher: Singapore ; Hackensack, NJ : World Scientific,

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This title provides an overview of the modern theory and empirics of business cycles. The book examines the notion of a business cycle and discusses alternative approaches to modelling. It also discusses what lies ahead for modern business cycle theory.


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From Asian to global financial crisis : an Asian regulator's view of unfettered finance in the 1990s and 2000s
Author:
ISBN: 9780521118644 9780521134156 9780511806926 9780511712333 0511712332 0511806922 9780511714405 0511714408 0521118646 0521134153 1107712815 1282560670 9786612560675 0511713169 0511715668 0511722486 Year: 2009 Publisher: Cambridge Cambridge University Press

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This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the global crisis of 2008-9. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.


Book
First the transition, then the crash : Eastern Europe in the 2000s
Author:
ISBN: 1849646120 9781849646123 9780745331164 0745331165 9780745331157 0745331157 Year: 2011 Publisher: London, [England] : New York, New York : Pluto Press, Palgrave Macmillan,


Book
From financial crisis to stagnation : the destruction of shared prosperity and the role of economics
Author:
ISBN: 9781107016620 1107016622 9781139061285 1107612462 1139248693 1107230470 1139223119 9786613719003 113921831X 1139215221 113922140X 1139061283 1280877693 1139224832 9781139224833 9781139218313 Year: 2012 Publisher: Cambridge : Cambridge University Press,

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The US economy today is confronted with the prospect of extended stagnation. This book explores why. Thomas I. Palley argues that the Great Recession and destruction of shared prosperity is due to flawed economic policy over the past thirty years. One flaw was the growth model adopted after 1980 that relied on debt and asset price inflation to fuel growth instead of wages. A second flaw was the model of globalization that created an economic gash. Third, financial deregulation and the house price bubble kept the economy going by making ever more credit available. As the economy cannibalized itself by undercutting income distribution and accumulating debt, it needed larger speculative bubbles to grow. That process ended when the housing bubble burst. The earlier post-World War II economic model based on rising middle-class incomes has been dismantled, while the new neoliberal model has imploded. Absent a change of policy paradigm, the logical next step is stagnation. The political challenge we face now is how to achieve paradigm change.

No way to run an economy : why the system failed and how to put it right
Author:
ISBN: 0745329772 0745329764 1849644403 9781849644402 9780745329772 9780745329765 Year: 2009 Publisher: London ; New York : New York : Pluto Press ; Distributed in the United States of America exclusively by Palgrave Macmilan,


Book
Econoshock : hoe zes economische schokken uw leven fundamenteel zullen veranderen.
Author:
ISBN: 9789089241085 9789047013464 9089241086 Year: 2010 Publisher: Antwerpen Houtekiet

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Zes schokken schudden de economie dooreen: de opkomst van het Oosten, het einde van de goedkope fossiele brandstoffen, de financiële crisis, de demografische evolutie, de ict-revolutie en de opwarming van de aarde. Deze zes schokken raken iedereen op deze wereld, zowel economisch, maatschappelijk als financieel. Er vallen nu al slachtoffers, bij zowel individuen, bedrijven als landen. Wie zich niet aanpast, zal welvaartverlies lijden. Tegelijk zullen er uit het puin ook nieuwe bedrijven en economische winnaars opstaan.


Book
After the great recession : the struggle for economic recovery and growth
Authors: --- --- ---
ISBN: 1107015898 1107436753 1139059580 1139549553 1139552058 1139554514 1139555766 1283746174 1139550802 1139888617 1139564366 9781139549554 9781139059589 9781139552059 9781139555760 9781139554510 9781283746175 9781107015890 9781107436756 Year: 2013 Publisher: Cambridge : Cambridge University Press,

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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.


Book
Obama's bank : financing a durable new deal
Author:
ISBN: 9780521147118 9780511762444 9780521197540 9781139127660 1139127667 0521197546 0521147115 110722361X 1139124439 1283298430 1139122746 9786613298430 0511762445 1139117009 1139112643 1139114832 Year: 2010 Publisher: Cambridge : Cambridge University Press,

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The Obama administration aims to lay a sound foundation for growth by investing in high-speed rail, clean energy, information technology, drinking water, and other vital infrastructures. The idea is to partner with the private sector to produce these public goods. An Obama government bank will direct these investments, making project decisions based on the merits of each project, not on politics. This approach has been a cornerstone of US foreign policy for several decades. In fact, our government-led reinvestment in America is modeled explicitly on international public banks and partnerships. However, although this foreign commercial policy is well-established with many successes, it has also been deservedly controversial and divisive. This book describes the international experience, drawing lessons on how the Obama Bank can forge partnerships to promote a durable twenty-first-century New Deal.

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