书目名称 | International Macroeconomics in the Wake of the Global Financial Crisis |
编辑 | Laurent Ferrara,Ignacio Hernando,Daniela Marconi |
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概述 | Examines the consequences of the global financial crisis on the world economy and discusses the resulting macroeconomic policy implications.Investigates growth and inflation drivers extensively.Studie |
丛书名称 | Financial and Monetary Policy Studies |
图书封面 |  |
描述 | 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.. |
出版日期 | Book 2018 |
关键词 | Potential output growth; Aggregate demand; Monetary policy; Uncertainty; Natural interest rate; Exchange |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-319-79075-6 |
isbn_softcover | 978-3-030-07720-4 |
isbn_ebook | 978-3-319-79075-6Series ISSN 0921-8580 Series E-ISSN 2197-1889 |
issn_series | 0921-8580 |
copyright | Springer International Publishing AG, part of Springer Nature 2018 |