Limits Of Fiscal, Monetary, And Trade Policies, The: International Comparisons And Solutions
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A01=Jonathan Edward Leightner
Austerity
Author_Jonathan Edward Leightner
Brazil
Category=KCB
Category=KCX
China
Consumption
Crisis
Currency War
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Europe
Exchange Rate Policy
Fiscal Policy
Glut Of Savings
Government Policy
Greece
Income Distribution
Internal Devaluation
Ireland
Italy
Japan
Keynesian Multipliers
Monetary Policy
Portugal
Quantitative Easing
Russia
Spain
Speculative Bubbles
Surplus Of Savings
Trade Policy
UK
USA
Product details
- ISBN 9789814571876
- Publication Date: 23 Oct 2014
- Publisher: World Scientific Publishing Co Pte Ltd
- Publication City/Country: SG
- Product Form: Hardback
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Sixteen countries across the world — including the United States and many European nations — have fallen into economic crises since the late 1990s. In The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions, Jonathan E Leightner convincingly argues that the fundamental cause of the global malaise is a surplus of savings. He provides compelling evidence (via statistical estimates) that fiscal, monetary, and trade policies cannot solve the resulting problems since their effectiveness has plummeted. Leightner also shows that the solution to the current global economic woes is a “consumption driven growth model” (which China advocates but has yet to fully implement) because when there is insufficient consumption, excess savings will remain idle, seek a return from rent or deception, or fund speculative bubbles.
