@article{Quiggin:156935,
      recid = {156935},
      author = {Quiggin, John},
      title = {Macroeconomic Policy after the Global Financial Crisis},
      address = {2013-09},
      number = {1744-2016-140832},
      series = {Australian Public Policy Program},
      pages = {24},
      year = {2013},
      abstract = {This chapter describes the ideology of market liberalism,  the macroeconomic policies and institutions it produced,  and the failure of those policies and institutions that  produced the GFC and the subsequent deep recession in most  developed countries. Although it is impossible to prescribe  a fully-developed alternative policy framework at this  point, new directions in macroeconomic policy are sketched  out, including countercyclical fiscal policy, the need for  an increase in public sector revenue and expenditure, and  new approaches to monetary policy and financial  regulation.},
      url = {http://ageconsearch.umn.edu/record/156935},
      doi = {https://doi.org/10.22004/ag.econ.156935},
}