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: 50.38 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 304
View: 4120

Get Book

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: 34.36 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 283
View: 7491

Get Book

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: 30.25 MB
Format: PDF, ePub, Mobi
Category : Social Science
Languages : en
Pages : 186
View: 4706

Get Book

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: 17.37 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 216
View: 5847

Get Book

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.

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: 57.56 MB
Format: PDF, Mobi
Category : Mines and mineral resources
Languages : en
Pages : 213
View: 2164

Get Book


External Debt And Economic Development In Latin America

External Debt and Economic Development in Latin America PDF
Author: Inter-American Development Bank
Publisher:
ISBN:
Size: 62.56 MB
Format: PDF, ePub
Category : Debts, External
Languages : en
Pages : 218
View: 7686

Get Book

Nature and scope of the debt problem; Domestic factors in the build-up of the debt; The impact of external factors; Debt outlook and economic growth in the eighties; Macroeconomic projections.

Euro

Euro PDF
Author: Markus K. Brunnermeier
Publisher: C.H.Beck
ISBN: 3406712347
Size: 13.91 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : de
Pages : 525
View: 5816

Get Book

Etliche Beobachter sind der Ansicht, dass der Euro die aktuelle Krise nicht überleben wird. Anders die Ökonomen Markus Brunnermeier und Jean-Pierre Landau, ein Deutscher und ein Franzose, sowie der britische Wirtschaftshistoriker Harold James. Sie sehen ein Kernproblem des Euro in den unterschiedlichen Wirtschaftskulturen der Euroländer, insbesondere Deutschlands und Frankreichs, die es zu überwinden gilt. Seit der Eurokrise setzen die Mitgliedsländer wieder auf nationale Lösungen, statt gemeinsame Antworten auf die europäischen Probleme zu suchen. Der Kampf der Wirtschaftskulturen ist entbrannt. Während das föderal geprägte Deutschland in der Fiskalpolitik auf starren Regeln beharrt, verlangt das zentralistische Frankreich Stimulusprogramme und eine flexible Handhabung, die den Regierungen Ermessensspielräume lässt. Für die Deutschen sind Finanzierungsengpässe vorwiegend auf Insolvenzprobleme zurückzuführen, die struktureller Reformen bedürfen, wogegen die Franzosen sie als temporäre Liquiditätsprobleme ansehen, die mit einer staatlichen Überbrückungsfinanzierung zu bewältigen sind. Dieses Buch plädiert für die Überwindung dieser Frontstellungen zugunsten einer gemeinsamen europäischen Wirtschaftskultur. Es verbindet ökonomische Analyse und ideengeschichtliche Reflexion und entwirft einen Fahrplan für Europas Zukunft.

The Oecd Observer

The OECD Observer PDF
Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Size: 72.74 MB
Format: PDF, Docs
Category : Developed countries
Languages : en
Pages :
View: 5351

Get Book


Publications Catalog

Publications Catalog PDF
Author: International Monetary Fund
Publisher:
ISBN:
Size: 73.17 MB
Format: PDF, ePub, Docs
Category : International finance
Languages : en
Pages :
View: 1054

Get Book


Trade In Manufactures

Trade in manufactures PDF
Author: United Nations Conference on Trade and Development
Publisher:
ISBN:
Size: 76.25 MB
Format: PDF, ePub, Mobi
Category : Developing countries
Languages : en
Pages :
View: 5913

Get Book


Public Opinion

Public Opinion PDF
Author:
Publisher:
ISBN:
Size: 58.26 MB
Format: PDF, ePub, Docs
Category : American periodicals
Languages : en
Pages :
View: 5908

Get Book