The 13 Trillion Question

Author : David Wessel
Publisher : Brookings Institution Press
Page : 178 pages
File Size : 41,5 Mb
Release : 2015-11-24
Category : Business & Economics
ISBN : 9780815727064

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The $13 Trillion Question by David Wessel Pdf

The underexamined art and science of managing the federal government's huge debt. Everyone talks about the size of the U.S. national debt, now at $13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing—even though it is one of the world's largest borrowers. Everyone from bond traders to the home-buying public is affected by the Treasury's decisions about whether to borrow short or long term and what types of bonds to sell to investors. What is the best way for the Treasury to finance the government's huge debt? Harvard's Robin Greenwood, Sam Hanson, Joshua Rudolph, and Larry Summers argue that the Treasury could save taxpayers money and help the economy by borrowing more short term and less long term. They also argue that the Treasury and the Federal Reserve made a huge mistake in recent years by rowing in opposite directions: while the Fed was buying long-term bonds to push investors into other assets, the Treasury was doing the opposite—selling investors more long-term bonds. This book includes responses from a variety of public and private sector experts on how the Treasury does its borrowing, some of whom have criticized the way the Treasury has been managing its borrowing.

Author : Nick Timiraos
Publisher : Hachette UK
Page : 331 pages
File Size : 50,5 Mb
Release : 2022-03-01
Category : Social Science
ISBN : 9780316273077

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Trillion Dollar Triage by Nick Timiraos Pdf

The inside story, told with “insight, perspective, and stellar reporting,” of how an unassuming civil servant created trillions of dollars from thin air, combatted a public health crisis, and saved the American economy from a second Great Depression (Alan S. Blinder, former Vice Chair of the Federal Reserve). By February 2020, the U.S. economic expansion had become the longest on record. Unemployment was plumbing half-century lows. Stock markets soared to new highs. One month later, the public health battle against a deadly virus had pushed the economy into the equivalent of a medically induced coma. America’s workplaces—offices, shops, malls, and factories—shuttered. Many of the nation’s largest employers and tens of thousands of small businesses faced ruin. Over 22 million American jobs were lost. The extreme uncertainty led to some of the largest daily drops ever in the stock market. Nick Timiraos, the Wall Street Journal’s chief economics correspondent, draws on extensive interviews to detail the tense meetings, late night phone calls, and crucial video conferences behind the largest, swiftest U.S. economic policy response since World War II. Trillion Dollar Triage goes inside the Federal Reserve, one of the country’s most important and least understood institutions, to chronicle how its plainspoken chairman, Jay Powell, unleashed an unprecedented monetary barrage to keep the economy on life support. With the bleeding stemmed, the Fed faced a new challenge: How to nurture a recovery without unleashing an inflation-fueling, bubble-blowing money bomb? Trillion Dollar Triage is the definitive, gripping history of a creative and unprecedented battle to shield the American economy from the twin threats of a public health disaster and economic crisis. Economic theory and policy will never be the same.

Author : United States. Federal Trade Commission
Publisher : Unknown
Page : 1054 pages
File Size : 42,7 Mb
Release : 1936
Category : Electric industries
ISBN : UCAL:B2937791

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Utility Corporations by United States. Federal Trade Commission Pdf

Author : Ben S. Bernanke
Publisher : W. W. Norton & Company
Page : 448 pages
File Size : 48,5 Mb
Release : 2022-05-17
Category : Business & Economics
ISBN : 9781324020479

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21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 by Ben S. Bernanke Pdf

21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why. In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation. These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy. In 21st Century Monetary Policy, Ben S. Bernanke—former chair of the Federal Reserve and one of the world’s leading economists—explains the Fed’s evolution and speculates on its future. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence. Beyond explaining the central bank’s new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed’s decisions, as well as the personalities and philosophies of those who led the institution.

Author : Edward Nelson
Publisher : University of Chicago Press
Page : 602 pages
File Size : 45,8 Mb
Release : 2020-11-06
Category : Biography & Autobiography
ISBN : 9780226684925

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Milton Friedman & Economic Debate in the United States, 1932–1972: Volume 2 by Edward Nelson Pdf

Second in a two-volume study of the Nobel Prize winner’s long career: “Nelson knows more about Milton Friedman’s economics than anyone else alive.” —Business Economics This study is the first to distill Nobel Prize winner Milton Friedman’s vast body of writings into an authoritative account of his research, his policy views, and his interventions in public debate. With this ambitious new work, Edward Nelson closes the gap: Milton Friedman and Economic Debate in the United States is the defining narrative on the famed economist, the first to grapple comprehensively with Friedman’s research output, economic framework, and legacy. This two-volume account provides a foundational introduction to Friedman’s role in several major economic debates that took place in the United States between 1932 and 1972. This second volume covers the years between 1960 and 1972—years that saw the publication of Friedman and Anna Schwartz’s Monetary History of the United States. The book also covers Friedman’s involvement in a number of debates in the 1960s and 1970s, on topics such as unemployment, inflation, consumer protection, and the environment. As a fellow monetary economist, Nelson writes from a unique vantage point, drawing on both his own expertise in monetary analysis and his deep familiarity with Friedman’s writings. Using extensive documentation, the book weaves together Friedman’s research contributions and his engagement in public debate, providing an unparalleled analysis of Friedman’s views on the economic developments of his day. “No previous biographer has Nelson’s deep and sophisticated understanding of monetary economics.” —Economic History

Author : Joel Best,Eric Best
Publisher : Univ of California Press
Page : 246 pages
File Size : 42,7 Mb
Release : 2014-05-02
Category : Education
ISBN : 9780520276451

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The Student Loan Mess by Joel Best,Eric Best Pdf

"Student loan debt in the U.S. now exceeds $1 trillion, more than the nation's credit-card debt. This timely book explains how and why student loans evolved, the concerns they've raised along the way, and how each policy designed to fix student loans winds up making things worse. The authors, a father and son team, provide an intergenerational, interdisciplinary approach to understanding how, over the last 70 years, Americans incrementally, with the best intentions, created our current student loan disaster. They examine the competing interests and shifting societal expectations that contributed to the problem, and offer recommendations for confronting the larger problem of college costs and student borrowing in the future"--

Author : Ken Fisher
Publisher : John Wiley & Sons
Page : 403 pages
File Size : 50,8 Mb
Release : 2008-10-20
Category : Business & Economics
ISBN : 9780470292679

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The Only Three Questions That Count by Ken Fisher Pdf

The Only Three Questions That Count is the first book to show you how to think about investing for yourself and develop innovative ways to understand and profit from the markets. The only way to consistently beat the markets is by knowing something others don’t know. This book will show you how to do just that by using three simple questions. You’ll see why CNBC’s Mad Money host and money manager James J. Cramer says, "I believe that reading his book may be the single best thing you could do this year to make yourself a better investor. In The Only Three Questions That Count, Ken Fisher challenges the conventional wisdoms of investing, overturns glib theories with hard facts, and blows up complacent beliefs about money and the markets. Ultimately, he says, the key to successful investing is daring to challenge yourself and whatever you believe to be true. Packed with more than 100 visuals, usable tools, and a glossary, The Only Three Questions That Count is an entertaining and educational experience in the markets unlike any other, giving you an opportunity to reap the huge rewards that only the markets can offer.

Author : Youth Specialties,
Publisher : Zondervan
Page : 210 pages
File Size : 47,6 Mb
Release : 2010-08-10
Category : Religion
ISBN : 9780310872078

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Drama, Skits, and Sketches 3 by Youth Specialties, Pdf

If you ate up the previous two best-selling volumes of Drama, Skits, & Sketches, you’re gonna really dig this next batch of 54 brand-new, youth group-tested thespian exercises! With the help of the scenarios in Drama, Skits, & Sketches 3, you can discuss important issues with pizzazz . . . present Bible stories with humor . . . and add serious significance to your lessons. Use them any way you’d like--whether as fun, informal, no-prep reader’s theater or as guides for seriously polished performances!SCRIPTURE SKETCHES Designed to supplement your Bible teaching--and add flesh and bones to already powerful Bible stories--your students will love acting out scenarios such as "Community Kitchen," "Recipe for a Quiet Time," and "As the Cookie Crumbles: The Search for Fig-nificance." (And we’ve provided an index that lists scripts according to Bible reference--quite the handy tool as you prepare specific lessons!)CONTEMPORARY SKETCHES These 21st-century skits will hit your kids where they live, using terms, imagery, and situations they’re intimately familiar with. Looking to beef up a topic for the evening--or even add some spice to announcements? Try on "Can O’ Blame," "Backward Lip Sync Contest," and "American Master" for size.TV TAKEOFFS These humorous sketches based on television programs are great for lively discussion starters or as openers at camps and conferences.TIMES OF CRISIS Here are scripts that deal with tough issues and tough times. And while many discuss crisis in a lighthearted manner, their themes will grab your students’ attention and prepare them for some excellent dialog.MONOLOGS Time for one kid in your group to shine! These scripts require little or no costumes or props, but they can be as powerful as an ensemble cast’s three-act play!Plenty of skits and sketches here--serious, spiritual, educational, and humorous--to keep your group learning and having fun for months. Drama, Skits, & Sketches 3 is perfect for youth leaders, camp counselors, Sunday school teachers, and recreation directors!

Author : Simon Johnson
Publisher : Vintage
Page : 386 pages
File Size : 49,7 Mb
Release : 2013-02-12
Category : Business & Economics
ISBN : 9780307947642

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White House Burning by Simon Johnson Pdf

From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it. With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.

Author : Kaufman George G,Evanoff Douglas D,Malliaris Anastasios G
Publisher : World Scientific
Page : 316 pages
File Size : 51,5 Mb
Release : 2000-08-03
Category : Business & Economics
ISBN : 9789813236608

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Innovative Federal Reserve Policies During the Great Financial Crisis by Kaufman George G,Evanoff Douglas D,Malliaris Anastasios G Pdf

This book, Innovative Federal Policies During the Great Financial Crisis, contains discussions of unconventional monetary policies, policy changes to address systemic and payments systems risks, new macroprudential policies, the 'stretching' of the financial safety net, changes in the Fed's liquidity funding facility (the discount window), use of the Fed's balance sheet as a tool of monetary policy, and alternative means to deal with real-estate asset bubbles and potential financial instability. The 10 chapters in this book offer a unique analysis of several innovative approaches by the Federal Reserve that contributed to the stabilization of the US economy following the Great Recession. What unique policies were implemented? Toward what goal? Were they effective? Were there unintended consequences? Additionally, but less thoroughly, events in the Euro market are also discussed, and policies (and their impact) of the ECB are critiqued. Based on papers presented at the 91st Annual Conference of the Western Economic Association International Meetings in Portland, Oregon, 2016, Innovative Federal Policies During the Great Financial Crisis adds significantly to the debate over why innovative or unconventional policies were needed, how they were implemented and how effective they were.

Author : Charles Wheelan
Publisher : W. W. Norton & Company
Page : 368 pages
File Size : 46,5 Mb
Release : 2016-04-04
Category : Business & Economics
ISBN : 9780393292893

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Naked Money: A Revealing Look at Our Financial System by Charles Wheelan Pdf

Charles Wheelan’s wonderfully whimsical, best-selling Naked series tackles the weird, surprisingly colorful world of money and banking. Consider the $20 bill. It has no more value, as a simple slip of paper, than Monopoly money. Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth twenty dollars? In the third volume of his best-selling Naked series, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking. The search for an answer triggers countless other questions along the way: Why does paper money (“fiat currency” if you want to be fancy) even exist? And why do some nations, like Zimbabwe in the 1990s, print so much of it that it becomes more valuable as toilet paper than as currency? How do central banks use the power of money creation to stop financial crises? Why does most of Europe share a common currency, and why has that arrangement caused so much trouble? And will payment apps, bitcoin, or other new technologies render all of this moot? In Naked Money, Wheelan tackles all of the above and more, showing us how our banking and monetary systems should work in ideal situations and revealing the havoc and suffering caused in real situations by inflation, deflation, illiquidity, and other monetary effects. Throughout, Wheelan’s uniquely bright-eyed, whimsical style brings levity and clarity to a subject often devoid of both. With illuminating stories from Argentina, Zimbabwe, North Korea, America, China, and elsewhere around the globe, Wheelan demystifies the curious world behind the paper in our wallets and the digits in our bank accounts.

Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures
Publisher : Unknown
Page : 170 pages
File Size : 55,9 Mb
Release : 2011
Category : Business & Economics
ISBN : UCSD:31822038347506

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Foreign Bank Account Reporting and Tax Compliance by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures Pdf

Author : Gary J. Dorrien
Publisher : Rowman & Littlefield
Page : 245 pages
File Size : 48,8 Mb
Release : 2012
Category : Political Science
ISBN : 1442215372

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The Obama Question by Gary J. Dorrien Pdf

This text offers a critique of Barack Obama's presidency and a powerful case that progressives should not give up on Obama. Obama has been a bitter disappointment in many ways, Dorrien contends, yet he also has historic achievements to his credit that are too often discounted.

Author : United States. Congress
Publisher : Unknown
Page : 1438 pages
File Size : 42,7 Mb
Release : 1956
Category : Law
ISBN : HARVARD:32044116500877

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Congressional Record by United States. Congress Pdf

Author : Florian Misch,Mr.Brian Olden,Marcos Poplawski-Ribeiro,Lamya Kejji
Publisher : International Monetary Fund
Page : 29 pages
File Size : 55,7 Mb
Release : 2017-11-06
Category : Business & Economics
ISBN : 9781484325933

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Nowcashing: Using Daily Fiscal Data for Real-Time Macroeconomic Analysis by Florian Misch,Mr.Brian Olden,Marcos Poplawski-Ribeiro,Lamya Kejji Pdf

Traditionally, fiscal data for policy analysis are derived from official reports that, depending on the country, are published either monthly, quarterly or annually, often with significant time lags. However, innovations in digitalization of government payments and accounting systems mean that real-time daily fiscal data exist in many countries. In this paper, we argue that these data contain valuable, but underutilized and underexploited information. Possible uses include (i) realtime fiscal surveillance which allows for much more timely responses to emerging signs of fiscal stress, and (ii) nowcasting economic activity, which is especially useful in countries where higher frequency GDP statistics are unavailable.