No Way Out?

Government Intervention and the Financial Crisis

Inbunden, Engelska, 2013

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Beskrivning

In response to the ongoing financial crisis, the U.S. government has significantly expanded its role in economy, resulting in new legislation and both public and private policy overhauls. But these hasty efforts to buoy the economy may ultimately do more harm than good. In No Way Out?, Vincent R. Reinhart and his coauthors provide a concise narrative of the financial crisis, the mismatched market incentives and government policies that precipitated it, and the likelihood of its recurrence. This volume is an indispensable resource for policymakers and financial leaders and a timely reminder that until we understand the history of government intervention in the marketplace, we are doomed to repeat failed policies.

Produktinformation

Utgivningsdatum:2013-02-21
Mått:157 x 235 x 20 mm
Vikt:431 g
Format:Inbunden
Språk:Engelska
Antal sidor:204
Förlag:AEI Press
ISBN:9780844743585

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Mer om författaren

Vincent R. Reinhart is a managing director and chief US economist at Morgan Stanley and former director of the Federal Reserve Board's Division of Monetary Affairs.

Innehållsförteckning

ContentsvList of Illustrations viiPreface xiIntroduction 1Vincent R. ReinhartPart I: Markets React1. An Alliance of Convenience 45Christopher Whalen2. Paradigm Lost: A Discussion of “No Way Out” 53Angel Ubide3. Contagion, Culture, and Shadow Banks:Why Some Countries Had Crises and Others Did Not 59Greg IpPart II: Financial Experts Respond4. The Federal Reserve after the Crisis 69Frederic S. Mishkin5. Determinants of the Size of Fiscal Multipliersin Open Economies 81Ethan Ilzetzki, Enrique G. Mendoza, and Carlos A. Végh6. Exit Strategies and the Federal Reserve 98Ricardo Reis7. Exits from Recessions: The US Experience, 1920-2007 117Michael D. Bordo and John Landon-Lane8. Global Imbalances: The Crisis That Did Not Occur . . . Yet 163Francis E. WarnockAbout the Authors 181