0
ISBN
9781119984290
Genre
Algemeen
Verschenen
22-07-2022
Bindwijze
Ebook EPUB
Taal
Engels
Uitgever
Wiley
Auteur(s)
Richard C. Koo
Pursued Economy
Understanding and Overcoming the Challenging New Realities for Advanced Economies
Richard C. Koo
In winkelmandje
Leesfragment
€25,99
In
Pursued
Economy:
Understanding
and
Overcoming
the
Challenging
New
Realities
for
Advanced
Economies,
celebrated
economist
and
thought
leader
Richard
C.
Koo
dives
deep
into
the
failure
of
traditional
economic
solutions
to
address
the
economic
and
social
problems
of
post-Great
Recession
and
post-pandemic
economies.
Starting
with
the
original
concepts
of
balance
sheet
recessions
and
global
competition
for
capital,
the
author
explains
why
the
Great
Recession
lasted
for
so
long
and
why
well-intentioned
policies
that
worked
so
well
in
the
past
are
no
longer
working
today.Readers
will
discover
that
advanced
economies
moved
from
what
the
author
calls
the
"golden
era"
to
the
"pursued
era"
of
economic
development
long
ago,
but
the
policy
debate
in
these
countries
continues
to
be
informed
by
golden
era
assumptions
that
are
no
longer
relevant
but
are
still
taught
in
universities.
That
mismatch
has
led
to
an
over-reliance
on
monetary
policy
and
an
under-reliance
on
fiscal
policy
that
are
distorting
economies
and
worsening
inequality
in
a
profoundly
transformed
world.With
many
real-world
examples
from
the
author's
extensive
involvement
in
the
policy
debate
on
economic,
banking
and
trade
issues
in
several
countries,
including
the
U.S.,
the
book
describes
the
correct
policy
mix
in
the
pursued
era
as
distinct
from
that
in
the
golden
era.
It
also
explains
the
challenges
central
banks
face
in
fighting
inflation
after
a
decade
of
over-reliance
on
monetary
policy
that
flooded
the
world’s
economies
with
unprecedented
liquidity.Instead
of
simply
assuming
the
existence
of
"trend
growth
rates",
this
book
tackles
the
issue
of
economic
growth
head-on
so
as
to
elucidate
the
symmetry
between
the
drivers
of
growth
and
the
drivers
of
recession.
It
also
argues
that
the
fundamental
disconnect
between
free
trade
and
free
capital
movements
must
be
addressed
in
order
to
maximize
the
gains
from
globalization
while
minimizing
its
costs.
Written
in
simple
language
and
with
a
great
sense
of
urgency,
Pursued
Economy
should
be
of
interest
to
anyone
who
is
concerned
about
the
global
economy,
financial
stability
and geopolitics.
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