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Post 'Great Recession' US Economy
Angielski
154 b
30 dni na zwrot towaru
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Following the success of the first edition in predicting that as a result of the excessive liquidity at the time, the internet bubble would be transformed into a housing bubble, which would burst once long-term interest rates turned below short-term interest rates, which it did, the second edition has been built on similar grounds. It thereby builds systematically an appropriate framework to explain and analyze the economics of depression or the asset and debt deflation process that has been relevant in the last three cycles. It shows that the internet, housing and commodities bubbles are interconnected. Explaining the origins of the recent credit crisis, this volume works out the implications for the US economy and financial markets, while suggesting how policy should be formulated to avoid and deflect future bubbles. This book is indispensable reading for all interested in macroeconomics, business cycle analysis, financial crises, credit crises, financial markets, monetary policy and the increasing role of the housing market in macroeconomics.
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