International macroeconomics in the wake of the global financial crisis
Author(s)
Bibliographic Information
International macroeconomics in the wake of the global financial crisis
(Financial and monetary policy studies, v. 46)
Springer, c2018
Available at 9 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references
Description and Table of Contents
Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position.
Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Table of Contents
Introduction.- Part I. Global Growth Slowdown: Supply-Side Factors.- The Productivity Slowdown and the Secular Stagnation Hypothesis.- Growth Potential in Emerging Countries.- What Are the Drivers of TFP Growth? An Empirical Assessment.- The Unintended Consequences of Globalization and Technological Progress.- Part II. Global Growth Slowdown: Demand-Side Explanations.- Trade Weakness: Cycle or Trend?.- The Role of Debt Dynamics in US Household Consumption.- Explaining Weak Investment Growth After the Great Recession: A Macro-Panel Analysis.- Part III. New Challenges for Monetary Policies at a Time of High Uncertainty, Low Inflation and Low Real Interest Rates.- Uncertainty Fluctuations: Measures, Effects and Macroeconomic Policy Challenges.- Determinants and Implications of Low Global Inflation Rates.- The Global Real Interest Rate: Past Developments and Outlook.- Part IV. Exchange Rate Shocks, Capital Flows and International Spillovers.- The Nature of the Shock Matters: Some Model-Based Results on the Macroeconomic Effects of Exchange Rate.- International Financial Flows in the New Normal: Key Patterns (and Why We Should Care).- International Spillovers of Non-Standard Monetary Policy: Evidence from Central and Eastern Europe.
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