Us Economic Policy In The 21st Century

Author : Nicolas Spulber
Publisher : Cambridge University Press
Page : 310 pages
File Size : 53,9 Mb
Release : 1997-07-13
Category : Business & Economics
ISBN : 0521595835

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The American Economy by Nicolas Spulber Pdf

This work focuses on the economic challenges the American economy has met during the post-World War II era, and on the new challenges--represented notably by the competing economies of Japan, Germany, and the entire European union--that confront it as the twenty-first century approaches. The book shows how the transformations brought about by international competition fit the long-term processes of economic growth and change with respect to structural mutations, technological development, the role of the government, and the evolution of government-business relations. Nicholas Spulber presents a detailed critique of the thesis alleging that the American economy had experienced some kind of decline, and argues that the economy will continue to move forward energetically and successfully if growth and change are primarily left to emerge from the impulses and incentives of the private economy.

Author : Nathan Edmonson
Publisher : Routledge
Page : 184 pages
File Size : 50,6 Mb
Release : 2017-09-08
Category : Business & Economics
ISBN : 9781351486736

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Technology Cycles and U.S. Economic Policy in the Early 21st Century by Nathan Edmonson Pdf

The overarching theme of this volume is the cyclical nature of technological change, its impact on economic growth, and the limits of government intervention. Technological revolutions are infrequent; there were only three in all of the twentieth century. When they occur, their possibilities are often not immediately apparent. Technology revolutions induce capital investment, not just because they stimulate the need to acquire the new technology, but also because of the need to replace obsolete capacity and new infrastructure. While government has encouraged general economic progress by carrying out highly risky innovations unrelated to fostering economic growth, it seldom succeeds with specific efforts to foster growth. Recent examples of success include the Internet and the global positioning system (GPS), which trace their origins to defense-related research. In contrast, the countercyclical economic stimuli of 2007-2009 have achieved little in the way of general growth. The lack of data about the technology cycle makes formulating appropriate monetary and other policy countercyclical interventions difficult. A technology-founded upswing animated the American economy after 1990, and the -great recession- of 2007- 2009 reflected the waning of the investment boom that this revolution generated. Edmonson argues that the impact of technology revolutions on general economic growth has never received the attention it deserves. This volume will contribute much to debates on economic policy.

Author : Alexandros Mourmouras,Peter Rangazas
Publisher : Springer Nature
Page : 151 pages
File Size : 43,5 Mb
Release : 2023-08-02
Category : Political Science
ISBN : 9783031364372

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US Economic Policy in the 21st Century by Alexandros Mourmouras,Peter Rangazas Pdf

This book addresses major economic problems affecting the United States and proposes policy reforms to target them. The authors use a broad survey of economic research to conduct an evidence-based assessment of four economic issues affecting the US and other developed nations: slowing economic growth, unsustainable public debt increases, widening wage inequality, and climate change. Finding that the problems are interconnected and should be dealt with in a comprehensive manner, the authors explain how current policies have contributed to the issues and make recommendations on policy reforms. All four issues are examined in one place and the resulting policy recommendations form a consistent plan to mediate the problems simultaneously. Providing a comprehensive approach to some of economic policy’s most difficult problems, this book will be an excellent resource for students and researchers interested in macroeconomic theory, public sector economics, international economics, labor economics, and environmental economics.

Author : Ben S. Bernanke
Publisher : W. W. Norton & Company
Page : 448 pages
File Size : 48,8 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 : Randall Wray
Publisher : Academic Press
Page : 206 pages
File Size : 40,7 Mb
Release : 2020-01-17
Category : Business & Economics
ISBN : 9780128193808

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A Great Leap Forward by Randall Wray Pdf

A Great Leap Forward: Heterodox Economic Policy for the 21st Century investigates economic policy from a heterodox and progressive perspective. Author Randall Wray uses relatively short chapters arranged around several macroeconomic policy themes to present an integrated survey of progressive policy on topics of interest today that are likely to remain topics of interest for many years. Rejects neoclassical orthodoxy as the appropriate tool for understanding 21st century economic and social life Considers subjects such as innovation and technological progress Explores public institutions, global trade, and financial regulation

Author : Stephen Broadberry,Mark Harrison
Publisher : Cambridge University Press
Page : 363 pages
File Size : 51,9 Mb
Release : 2005-09-29
Category : History
ISBN : 9781139448352

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The Economics of World War I by Stephen Broadberry,Mark Harrison Pdf

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Author : Robert B. Reich
Publisher : Vintage
Page : 354 pages
File Size : 49,7 Mb
Release : 2010-12-01
Category : Business & Economics
ISBN : 9780307772992

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The Work of Nations by Robert B. Reich Pdf

There is no longer such a thing as an American economy, say Robert Reich at the beginning of this brilliant book. What does it mean to be a nation when money, goods, and services know no borders? What skills will be the most valuable in the coming century? And how can our country best ensure that all its citizen have a share in the new global economy? Robert B. Reich, the widely respected and bestselling author of The Next American Frontier and The Resurgent Liberal, defines the real challenge facing the United States in the 21st century in this trail-blazing book. Original, readable, and vastly informed, The Work of Nations is certain to set a standard for the next generation of policy-makers.

Author : Jeffrey A. Frankel,Ernesto Stein,Shang-Jin Wei
Publisher : Peterson Institute
Page : 392 pages
File Size : 54,6 Mb
Release : 1997
Category : Business & Economics
ISBN : 0881322024

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Regional Trading Blocs in the World Economic System by Jeffrey A. Frankel,Ernesto Stein,Shang-Jin Wei Pdf

Covers trends from 1957 to 1995.

Author : Richard M. McGahey,Jennifer S. Vey
Publisher : Unknown
Page : 437 pages
File Size : 45,5 Mb
Release : 2008-03-17
Category : Electronic
ISBN : 0815734018

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Retooling for Growth by Richard M. McGahey,Jennifer S. Vey Pdf

A Brookings Institution Press and American Assembly publication Slow job growth, declining home values, a diminishing tax base, and concentrated poverty are but a few of the growing obstacles for well-established but struggling cities. Challenged by decades of globalization, technological change, and dramatic demographic shifts away from the urban core, these former industrial powerhouses, particularly in the Northeast and Midwest, have been eclipsed by burgeoning American cities with a viable niche in the new economy. In Retooling for Growth, experts present new frameworks, cutting-edge analysis, and innovative policy solutions for the nation's government, business, civic, and community leaders to sculpt a sustainable and supportable economy for older industrial areas. The unique focus on rehabilitating weak market cities outlines ideas for reshaping the role of public agencies, the workforce, business organizations, and technology. Implementation of these measures addresses challenges such as fostering entrepreneurship, reducing poverty and inequality, and maintaining and augmenting the number of skilled professionals who reside and work in a community, among others. This collection of essays offers practical, achievable strategies for revitalizing industrial areas and building upon the potential of existing but overlooked resources of economic, physical, and cultural significance. In this important volume, leading authorities provide a thought-provoking analysis of healthy economic development practices for both public and private sectors.

Author : Johan Van Overtveldt
Publisher : Agate Publishing
Page : 224 pages
File Size : 44,9 Mb
Release : 2015-07-04
Category : Business & Economics
ISBN : 9781572847507

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A Giant Reborn by Johan Van Overtveldt Pdf

The world is in turmoil. Whether one looks at Europe, Asia, North America, the Middle East, Africa, or Latin America, uncertainty and upheaval seem to be the order of the day. Nevertheless, there seems to be an odd certainty in the minds of many pundits, writers, and citizens in this highly volatile world of geopolitics: the days of the United States as the world's sole superpower are over. The consensus tells us that the United States will not be able to keep a status as a major power among China, the European community, and a resurgent Russia. How realistic is this perspective, though? Is the "air of inevitability" concerning America's demise merely a passing breeze? How solid is the "unstoppable rise" of the Chinese? How likely is it for Europe to right its ship? A Giant Reborn, from critically acclaimed author and leading economic journalist Johan Van Overtveldt, dispels many of these ingrained assumptions and argues that the 21st century will be defined by the country currently best set up to succeed: the United States of America. In the current chaotic political climate it seems risky to say any country will be able to maintain its current status. But Van Overtveldt provides a measured, insightful, and thoroughly engaging examination of the evidence. In his richly detailed style and straightforward explanations, he masterfully lays out a case for why America, against many pundits' best predictions, is set up to continue its 20th-century success into this millennium. A Giant Reborn shows readers that the reports of America's death, to paraphrase the father of American literature, have been greatly exaggerated.

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Trade, Investment, and Monetary Policy
Publisher : Unknown
Page : 336 pages
File Size : 45,5 Mb
Release : 1984
Category : Dollar, American
ISBN : PURD:32754066835236

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Foreign Exchange Value of the Dollar by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on International Trade, Investment, and Monetary Policy Pdf

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 46,6 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

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The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Author : Ramesh Chandra Das
Publisher : Emerald Publishing Limited
Page : 0 pages
File Size : 54,6 Mb
Release : 2019-09-02
Category : Business & Economics
ISBN : 1789733200

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The Impacts of Monetary Policy in the 21st Century by Ramesh Chandra Das Pdf

The Impacts of Monetary Policy in the 21st Century illustrates the effect of financial policies upon global economic indicators, with special reference made to issues effecting East Asian nations generally and with a particular focus on Indian economic development since 2000.

Author : L. Randall Wray
Publisher : Springer
Page : 322 pages
File Size : 42,8 Mb
Release : 2015-09-22
Category : Business & Economics
ISBN : 9781137539922

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Modern Money Theory by L. Randall Wray Pdf

This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

Author : Thomas Piketty
Publisher : Harvard University Press
Page : 817 pages
File Size : 46,7 Mb
Release : 2017-08-14
Category : Business & Economics
ISBN : 9780674979857

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Capital in the Twenty-First Century by Thomas Piketty Pdf

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.