International Macroeconomics in the Wake of the Global Financial Crisis is popular PDF and ePub book, written by Laurent Ferrara in 2018-06-13, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, International Macroeconomics in the Wake of the Global Financial Crisis can be Read Online from any device for your convenience.
International Macroeconomics in the Wake of the Global Financial Crisis Book PDF Summary
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Detail Book of International Macroeconomics in the Wake of the Global Financial Crisis PDF
- Author : Laurent Ferrara
- Release : 13 June 2018
- Publisher : Springer
- ISBN : 9783319790756
- Genre : Business & Economics
- Total Page : 298 pages
- Language : English
- PDF File Size : 14,6 Mb
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