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Financial cycles and macroeconomic stability: how secular is the Great Recession?

Gerba, Eddie (2015) Financial cycles and macroeconomic stability: how secular is the Great Recession? . LAP Lambert Academic Publishing, Saarbruecken, Germany. ISBN 9783659689116

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Abstract

Seven years have passed since the first financial crisis in 2008 and the recovery is still anemic despite years of zero interest rates and repeated injections of liquidity into the financial system. The prospects for future growth are even thinner. Leading economists have put the diagnosis of ‘secular stagnation’, providing little hope for a complete recovery unless more drastic measures are taken. This book investigates the phenomenon by taking a long view on the US economy to extract a set of stylized facts and general tendencies since the post-war era. It explores the macroeconomic and financial aspects of the business cycle as well as the long-term growth in order to understand the reasons behind the ‘secular stagnation’. Suggestions on how to analyze the ‘new’ economic environment are provided, as well as some potential policy measures on how to tackle these challenges.

Item Type: Book
Official URL: http://www.lap-publishing.com/site/home/10
Additional Information: © 2015 The Author
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > European Institute
Date Deposited: 27 Jul 2015 10:40
Last Modified: 27 Jul 2015 10:40
URI: http://eprints.lse.ac.uk/id/eprint/62811

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