TY  - RPRT
AB  - 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.
AU  - Quiggin, John
DA  - 2013-09
DA  - 2013-09
DO  - 10.22004/ag.econ.156935
DO  - doi
ID  - 156935
KW  - Political Economy
KW  - Public Economics
KW  - Global financial crisis
KW  - market liberalism
KW  - Australia
KW  - monetary policy.
L1  - https://ageconsearch.umn.edu/record/156935/files/WPP13_3.pdf
L2  - https://ageconsearch.umn.edu/record/156935/files/WPP13_3.pdf
L4  - https://ageconsearch.umn.edu/record/156935/files/WPP13_3.pdf
LA  - eng
LK  - https://ageconsearch.umn.edu/record/156935/files/WPP13_3.pdf
N2  - 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.
PY  - 2013-09
PY  - 2013-09
T1  - Macroeconomic Policy after the Global Financial Crisis
TI  - Macroeconomic Policy after the Global Financial Crisis
UR  - https://ageconsearch.umn.edu/record/156935/files/WPP13_3.pdf
Y1  - 2013-09
T2  - Australian Public Policy Program
T2  - P13_3
ER  -