Evolution or Revolution?: Rethinking Macroeconomic Policy after the Great Recession (The MIT Press)

Synopsis

Preface -- Introduction: Rethinking Stabilization Policy : Evolution Or Revolution? / Olivier Blanchard And Lawrence H. Summers -- Part I: Monetary Policy. Monetary Policy In A New Era / Ben S. Bernanke -- Responses: Rethinking Monetary Policy In A New Normal / Lael Brainard ; Postcrisis Monetary Policy From The Perspective Of Small Open Economies / Philipp Hildebrand ; Monetary Policy In The Wake Of The Crisis / Adam S. Posen ; Historical Lessons From The Euro Area Crisis For Monetary Policy / Mario Draghi -- Part Ii: Fiscal Policy. Fiscal Policy / Alan J. Auerbach -- Responses: Adverse Effects Of Unsound Fiscal Policies : The U.s. Example / Robert E. Rubin ; Fiscal Policy In The European Economic And Monetary Union : An Evolving View / Marco Buti ; Fiscal Policy : Tax And Spending Multipliers In The United States / Valerie Ramey ; Rethinking Fiscal Policy / Jay C. Shambaugh -- Part Iii: Financial Policy. Rethinking Financial Stability / David Aikman, Andrew G. Haldane, Marc Hinterschweiger, And Sujit Kapadia -- Responses: The Role Of Monetary Policy In Guaranteeing Financial Stability / Markus K. Brunnermeier ; The Known Unknowns Of Financial Regulation / Benott Coeure ; Financial Stability And Macroprudential Policies / Nellie Liang ; Some Thoughts On The Merits Of Multipolar Regulation / Jeremy C. Stein -- Part Iv: Inequality And Political Economy. Should Policymakers Care Whether Inequality Is Helpful Or Harmful For Growth? / Jason Furman -- Responses: Policy, Inequality, And Growth / Dani Rodrik ; Absolute Mobility Matters, Too : Regenerating People And Cities / Tharman Shanmugaratnam -- Part V: International Economy Issues. Rethinking International Macroeconomic Policy / Gita Gopinath -- Responses: The Difficulty Of Separation / Raghuram Rajan ; Some Factors Shaping The International Financial Landscape Of The Future / Pierre-olivier Gourinchas ; Dollar Pricing In International Trade And Finance / Barry Eichengreen ; The Triffin Dilemma, Chinese Opacity, And Capital Mobility : Concluding Remarks On International Macroeconomic Policy / Carmen Reinhart. Edited By Olivier Blanchard And Lawrence H. Summers. Conference Proceedings. Includes Bibliographical References And Index.