What Have We Learned? by George Akerlof

What Have We Learned? by George Akerlof

Top economists consider how to conduct policy in a world where previous beliefs have been shattered by the recent financial and economic crises.

Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of the macroeconomic future. This book offers their combined insights.

The editors and contributors--who include the Nobel Laureate and bestselling author Joseph Stiglitz, Federal Reserve Vice Chair Janet Yellen, and the former Governor of the Bank of Israel Stanley Fischer--consider the lessons learned from the crisis and its aftermath. They discuss, among other things, post-crisis questions about the traditional policy focus on inflation; macroprudential tools (which focus on the stability of the entire financial system rather than of individual firms) and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.

Romer, David: - David Romer is the Royer Professor in Political Economy at the University of California, Berkeley, where he has been on the faculty since 1988. He is also co-director of the program in Monetary Economics at the National Bureau of Economic Research. He received his A.B. from Princeton University and his Ph.D. from the Massachusetts Institute of Technology. He has been a fellow of the American Academy of Arts and Sciences since 2006.
At Berkeley, he is a three-time recipient of the Graduate Economic Association's distinguished teaching and advising awards; he received Berkeley's Social Sciences Distinguished Teaching Award in 2013 2014. Much of his research focuses on monetary and fiscal policy; this work considers both the effects of policy on the economy and the determinants of policy. His other research interests include the foundations of price stickiness, empirical evidence on economic growth, and asset-price volatility. His most recent work is concerned with financial crises. He is married to Christina Romer, with whom he frequently collaborates. They have three children, Katherine, Paul, and Matthew.

SKU	Unavailable
ISBN 13	9780262529853
ISBN 10	0262529858
Title	What Have We Learned?
Author	George Akerlof
Series	The Mit Press
Condition	Unavailable
Binding Type	Paperback
Publisher	The Mit Press
Year published	2016-09-02
Number of pages	368
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.