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The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions

6958.000

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AuthorLeightner Jonathan Edward
ISBN9789814571876
Published LanguageEnglish
Publication Year2014
PublisherWorld Scientific
BindingHardback
Original Price$108
Pages304
Ships By2-3 days

Description

Sixteen countries across the world ? including the United States and many European nations ? have fallen into economic crises since the late 1990s. In The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions, Jonathan E Leightner convincingly argues that the fundamental cause of the global malaise is a surplus of savings. He provides compelling evidence (via statistical estimates) that fiscal, monetary, and trade policies cannot solve the resulting problems since their effectiveness has plummeted. Leightner also shows that the solution to the current global economic woes is a ?consumption driven growth model? (which China advocates but has yet to fully implement) because when there is insufficient consumption, excess savings will remain idle, seek a return from rent or deception, or fund speculative bubbles.

About the author
Georgia Regents Univ, USA

Additional information

Weight0.579 kg
Dimensions22.9 × 15.2 cm
Author

ISBN

Publisher

Pages

304

Ships By

2-3 days