What Have We Learned? Macroeconomic Policy after the Crisis
edited by George Akerlof, Olivier Blanchard, David Romer, and Joseph E. Stiglitz
Leading economists and economic policymakers discuss the slowly emerging contours of the macroeconomic future. Contributors consider the lessons learned from the crisis and its aftermath. They also look at postcrisis questions about the traditional policy focus on inflation; macroprudential tools and their effectiveness; fiscal stimulus, public debt, and fiscal consolidation; and exchange rate arrangements.
For more information. Post-Crisis Fiscal Policy
edited by Carlo Cottarelli, Philip Gerson, and Abdelhak Senhadji
Fiscal policy makers have faced an extraordinarily challenging environment over the last few years. This volume brings together the analysis underpinning the IMF’s position on the evolving role of fiscal policy. After establishing its analytical foundation, with chapters on such topics as fiscal risk and debt dynamics, the book analyzes the buildup of fiscal vulnerabilities before the crisis, presents the policy response during the crisis, discusses the fiscal outlook and policy challenges ahead, and offers lessons learned from the crisis and its aftermath. For more information With Oxford University Press The Macroeconomics of the Arab States of the Gulf
by Raphael A. Espinoza, Ghada Fayad, and Ananthakrishnan Prasad
The economies of the Arab states of the Gulf have gone through considerable changes in the past decades, spurred by high oil prices and ambitious diversification plans. In addition, the recent economic crisis highlighted the importance of fiscal, monetary, and financial stability policies to manage macroeconomic cycles. This book analyzes these issues and combines data and econometric analysis with theoretical discussions. It concludes with a discussion of the importance of the Gulf Cooperation Council for the wider region. With Palgrave Macmillan IMF Economic Review
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