The post 'great recession' US econom...
Arestis, Philip, (1941-)

 

  • The post 'great recession' US economy[electronic resource] :implications for financial markets and the economy /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 330.973
    書名/作者: The post 'great recession' US economy : implications for financial markets and the economy // Philip Arestis and Elias Karakitsos.
    其他題名: Post 'great recession' United States economy
    作者: Arestis, Philip,
    其他作者: Karakitsos, Elias.
    出版者: New York : : Palgrave Macmillan,, 2010.
    面頁冊數: xxiv, 327 p. : : ill.
    標題: Financial crises - History - 21st century. - United States
    標題: Recessions - History - 21st century. - United States
    標題: Financial institutions - History - 21st century. - United States
    ISBN: 9780230276109
    ISBN: 0230276105
    書目註: Includes bibliographical references and index.
    內容註: Prolegomena -- Preface -- Introduction -- The Causes and Consequences of the Internet Bubble -- The Current Financial Crisis and the Origins of Excessive Liquidity -- Wages and Prices and the Proper Conduct of Monetary Policy -- Corporate Profits and Relationship to Investment -- Long-Term Risks of Investment Recovery -- The Housing Market and Residential Investment -- Long-Term Risks of Robust Consumer Behaviour -- Foreign Demand -- The US External Imbalance and the Dollar: A Long-Term View -- The Long-term Risks to Financial Markets -- Bibliography.
    摘要、提要註: Following the success of the first edition in predicting that as a result of the excessive liquidity at the time, the internet bubble wouldbe transformed into a housing bubble, which would burst once long-terminterest rates turned below short-term interest rates, which it did, the second edition has been built on similar grounds. It thereby builds systematically an appropriate framework to explain and analyze the economics of depression or the asset and debt deflation process that has been relevant in the last three cycles. It shows that the internet, housing and commodities bubbles areinterconnected. Explaining the origins of the recent credit crisis, this volume works out the implications for the US economy and financial markets, while suggesting how policy should be formulated toavoid and deflect future bubbles. This book is indispensable reading for all interested in macroeconomics, business cycle analysis, financial crises, credit crises, financial markets, monetary policyand the increasing role of the housing market in macroeconomics.
    電子資源: access to fulltext (Palgrave)
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