Limits Of Fiscal Monetary And Trade Policies The International Comparisons And Solutions

Limits Of Fiscal  Monetary  And Trade Policies  The  International Comparisons And Solutions PDF
Author: Leightner Jonathan Edward
Publisher: World Scientific
ISBN: 981457189X
Size: 22.94 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 304
View: 1104

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Sixteen countries across the world — including the United States and many European nations — have fallen into economic crises since the late 1990s. In The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions, Jonathan E Leightner convincingly argues that the fundamental cause of the global malaise is a surplus of savings. He provides compelling evidence (via statistical estimates) that fiscal, monetary, and trade policies cannot solve the resulting problems since their effectiveness has plummeted. Leightner also shows that the solution to the current global economic woes is a “consumption driven growth model” (which China advocates but has yet to fully implement) because when there is insufficient consumption, excess savings will remain idle, seek a return from rent or deception, or fund speculative bubbles.

The Limits Of Fiscal Monetary And Trade Policies

The Limits of Fiscal  Monetary  and Trade Policies PDF
Author: Jonathan Edward Leightner
Publisher: World Scientific Publishing Company Incorporated
ISBN: 9789814571876
Size: 11.55 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 283
View: 2385

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With many countries facing high unemployment rates, uncertain futures, and inadequate incomes, nobody can deny the dire state which the global economy is currently in. Basic economic policies and institutions are now being questioned more than ever since the Great Depression. In The Limits of Fiscal, Monetary, and Trade Policies, Jonathan E Leightner puts forth the argument that the fundamental cause of the current worldwide economic crisis is a surplus in savings. Through the use of Reiterative Truncated Projected Least Squares (RTPLS, a statistical technique that captures the influence of omitted variables), Leightner estimates and observes the declining effectiveness of fiscal, monetary, and trade policies in America, the European Union, the United Kingdom, Japan, Brazil, China, and Russia. From European austerity measures to Chinese consumption-driven growth, Leightner discusses the attempts made by the governments of these countries to address the crisis in detail as well. With such international comparisons, this book provides compelling evidence that the solution to current global economic woes lies in a redistribution of income that will increase consumption and, thereby, provide a reason to productively invest the current global surplus in savings.

Exploring Social Inequality In The 21st Century

Exploring Social Inequality in the 21st Century PDF
Author: Jennifer Jarman
Publisher: Routledge
ISBN: 1351609386
Size: 60.87 MB
Format: PDF, ePub, Mobi
Category : Social Science
Languages : en
Pages : 186
View: 6481

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In a world where the effects of inequality occupy an increasingly prominent place on the public agenda, this book provides up-to-date and thorough analysis from the perspective of a group of researchers at the forefront of social stratification analysis. Exploring Social Inequality in the 21st Century is a clear and critical overview of current debates about social inequality. It includes new information, tools, and approaches to conceptualising and measuring social stratification and social class, as well as informative case studies. Throughout, the researchers describe the direct and indirect costs of social inequality. Divided into two parts – Conceptualising and Measuring Inequality; and Costs and Consequences of Inequality in the areas of Education, Employment, and Global Wealth – it includes new findings about the growth of wealth inequality in the G20 countries, and a detailed examination of tax policies designed to reduce inequality without affecting economic growth. With substantial contributions to the analysis of inequalities in education, and explanations of the processes and consequences of social and gender-based exclusion, this book is essential reading for anyone interested in understanding contemporary social inequality. This book was originally published as a special issue of the journal Contemporary Social Science.

Ethics Efficiency And Macroeconomics In China

Ethics  Efficiency and Macroeconomics in China PDF
Author: Jonathan Leightner
Publisher: Taylor & Francis
ISBN: 1351805835
Size: 21.24 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 216
View: 3893

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This book tells the story of how China’s leaders, from Mao to Xi, have sacrificed ethics to promote either macroeconomic performance or microeconomic efficiency. This story includes Mao’s collectivization of land, the Great Leap Forward, the Great Cultural Revolution, Deng’s opening China to international trade, Tiananmen Square, the freeing of prices, food and medicine scandals, the 2015 surge and collapse of the Chinese stock market, the falling of China’s foreign reserves, and so on. In 2008, China’s leaders correctly identified the best strategy as a "consumption-driven growth strategy" because the current world is suffering from a glut of savings. However, for that strategy to work, the Chinese need to be able to trust China’s economy and leaders. In the absence of trust, people will make decisions based on extremely short time frames which will hurt China’s long-run potential and continue to generate a series of speculative bubbles. In the absence of trust, wealthy Chinese will continue to move their assets abroad, putting tremendous downward pressure on the Chinese yuan. The Chinese will develop a long-run perspective and invest in China only when they can trust China’s future. In today’s world, trust is necessary. Trust is built on ethics.

Global Economic Turmoil And The Public Good

Global Economic Turmoil and the Public Good PDF
Author: Steven Rosefielde
Publisher: World Scientific
ISBN: 9814590525
Size: 63.46 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 224
View: 4416

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The global financial crisis of 2008 was resolved over the course of two years after the collapse of the US housing bubble, but the world economy did not vigorously rebound as expected. The West has been torpid, while Asian economic vitality has steadily waned. These developments have been diversely interpreted and authorities have responded with a series of institutional reforms and policy fixes, without coming to grips with accumulating national debts, the kinds of speculative practices that caused the financial crisis, and the inadequacies of neoclassical and Keynesian macroeconomic explanations. Global Economic Turmoil and the Public Good presents the cumulative research of both authors. It updates the readers on global economic developments since 2008, while providing a concise, yet comprehensive survey of the causes and protracted consequences of the 2008 financial crisis. The book explains the global financial disequilibrium and catastrophic crisis risks; surveys and appraises institutional reforms designed to reinvigorate growth and ameliorate financial crisis risk; and proposes specific actions which will prevent another global financial crisis and its economic fallout. Contents:Global Economic Turmoil:Playing with FireIgnoring Today's DangersInsider DemocracySqueezing the Middle ClassLiberalization for the PrivilegedEast–West PolarizationDegeneration, Crisis and DisorderObstacles to Crisis Prevention:Words Instead of ActionTreadmill of RegulationMacroeconomic MiasmaDogmatismPipe DreamsDoublethinkFramework for Sustainable Prosperity:The Importance of Inclusive Economic TheoryBreaking Vicious CyclesLesser EvilProspects Readership: General public, students (undergraduates and postgraduates), policymakers and professionals interested in understanding the 2008 financial crisis and how to prevent future ones. Key Features:Adds value by crystalizing the epochal significance of the crisis (global sclerosis)Examines the largely overlooked causes of “ideocracy”, “politicracy” and supranationality, offering a fresh explanation of the causes of post-2008 global economic sclerosisParses new developments in macroeconomic theory intended both to explain the post-crisis economic sclerosis and assess future financial crisis riskIncorporates these novel factors in a new inclusive economic theoryKeywords:Global Economic Crisis;Global Financial Crisis;Crisis Prevention;Global Economic Sclerosis;European Union;Monetary Union;Fiscal Union;United States;China;India;Japan;Monetary Policy;Keynesianism;Central Banking;Fiscal Policy

The Oecd Observer

The OECD Observer PDF
Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Size: 28.36 MB
Format: PDF, Mobi
Category : Developed countries
Languages : en
Pages :
View: 966

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Library Journal

Library Journal PDF
Author:
Publisher:
ISBN:
Size: 28.59 MB
Format: PDF
Category : Libraries
Languages : en
Pages :
View: 3853

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Includes, beginning Sept. 15, 1954 (and on the 15th of each month, Sept.-May) a special section: School library journal, ISSN 0000-0035, (called Junior libraries, 1954-May 1961). Also issued separately.

Bureau Of Mines Authorization And Oversight

Bureau of Mines Authorization and Oversight PDF
Author: United States. Congress. House. Committee on Science and Technology. Subcommittee on Transportation, Aviation, and Materials
Publisher:
ISBN:
Size: 53.67 MB
Format: PDF, ePub
Category : Mines and mineral resources
Languages : en
Pages : 213
View: 6449

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Management Today

Management Today PDF
Author:
Publisher:
ISBN:
Size: 35.45 MB
Format: PDF, ePub, Docs
Category : Industrial management
Languages : en
Pages :
View: 1619

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Crises In Europe In The Transatlantic Context

Crises in Europe in the Transatlantic Context PDF
Author: Bruno Dallago
Publisher: CRC Press
ISBN: 1317594878
Size: 36.20 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 204
View: 2774

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The adoption and management of the common currency has led the Eurozone to a critical point. This book analyzes in an interdisciplinary way the fundamental causes of distress, making sure to relate economic issues to the social and political aspects of the problem. The book explores the reasons why the Eurozone has fallen into a policy trap, as well as what Europe did and should do to exit the crisis, and why this is proving to be so difficult. The book also considers what role the United States has played, and could play to help foster a solution for the Eurozone. The main topics explored are the complex nature of the crisis, the short circuit between policies and the given institutional architecture, the controversial role of Germany, and the importance of an active role of the US. The book brings together a transatlantic group of scholars in order to offer an interdisciplinary analysis of the deep causes of the Eurozone distress. The authors recognize that the Eurozone countries have contrasting situations and interests and face different problems with complex consequences for the vexed question of national sovereignty within the EU; and pay attention to the social and political consequences of the economic and financial distress and of the perceived strain of the common currency.

The American Bibliography Of Slavic And East European Studies For 1994

The American Bibliography of Slavic and East European Studies for 1994 PDF
Author: Maria Gorecki Nowak
Publisher: M.E. Sharpe
ISBN: 9781563247514
Size: 41.33 MB
Format: PDF, ePub
Category : History
Languages : en
Pages : 736
View: 1661

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This bibliography is the only source for citations to North American scholarship on Eastern and Central Europe, the Balkans, the Baltic States, and the former Soviet Union.

Guidelines For Public Debt Management

Guidelines for Public Debt Management PDF
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN:
Size: 71.31 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 261
View: 376

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This report contains 18 case studies which illustrate how different countries, at varying stages of economic and financial development, are developing their public debt management capacity in line with the 'Guidelines for Public Debt Management' (2001, ISBN 1589060458). Issues discussed include: debt management strategy, objectives and co-ordination, transparency and accountability, institutional framework, risk management framework, and developing an efficient market for government securities.