The road to recovery - Andrew Smithers
how and why economic policy must change
KORTE INHOUD
Renowned economist Andrew Smithers offers prescriptive advice and economic theory on avoiding the next financial crisis
In The Road to Recovery, Andrew Smithers―one of a handful of respected economists to have accurately predicted the most recent global financial crisis―argues that the neoclassical consensus governing global economic decision-making must be revised in order to avoid the next financial collapse. He argues that the current low interest rates and budget deficits have prevented the recession becoming a depression but that those policies cannot be continuously repeated and a new consensus for action must be found. He offers practical guidance on reducing government, household, and business debt; changing the economic incentives for the management class that currently inhibit long-term growth; and rebalancing national economies both internally and externally. Further, he explains how central bankers must broaden the economic theories that guide their decisions to include the major factors of debt an...
In The Road to Recovery, Andrew Smithers―one of a handful of respected economists to have accurately predicted the most recent global financial crisis―argues that the neoclassical consensus governing global economic decision-making must be revised in order to avoid the next financial collapse. He argues that the current low interest rates and budget deficits have prevented the recession becoming a depression but that those policies cannot be continuously repeated and a new consensus for action must be found. He offers practical guidance on reducing government, household, and business debt; changing the economic incentives for the management class that currently inhibit long-term growth; and rebalancing national economies both internally and externally. Further, he explains how central bankers must broaden the economic theories that guide their decisions to include the major factors of debt an...
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2013 Uitgever: John Wiley & Sons Ltd 279 paginas Taal: Engels ISBN-10: 1118515668 ISBN-13: 9781118515662Koop dit boek tweedehands
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