International Macroeconomics in the Wake of the Global Financial Crisis PDF
By:Laurent Ferrara,Ignacio Hernando,Daniela Marconi
Published on 2018-06-13 by Springer
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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.
This Book was ranked at 15 by Google Books for keyword Macroeconomics.
Book ID of International Macroeconomics in the Wake of the Global Financial Crisis's Books is 1v1fDwAAQBAJ, Book which was written byLaurent Ferrara,Ignacio Hernando,Daniela Marconihave ETAG "aJL1qmYphzo"
Book which was published by Springer since 2018-06-13 have ISBNs, ISBN 13 Code is 9783319790756 and ISBN 10 Code is 3319790757
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Book which have "298 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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