000156935 001__ 156935 000156935 005__ 20210122073340.0 000156935 0247_ $$2doi$$a10.22004/ag.econ.156935 000156935 037__ $$a1744-2016-140832 000156935 041__ $$aeng 000156935 084__ $$aG28 000156935 084__ $$aE6 000156935 245__ $$aMacroeconomic Policy after the Global Financial Crisis 000156935 260__ $$c2013-09 000156935 269__ $$a2013-09 000156935 270__ $$mj.quiggin@uq.edu.au$$pQuiggin, John 000156935 300__ $$a24 000156935 336__ $$aWorking or Discussion Paper 000156935 490__ $$aAustralian Public Policy Program 000156935 490__ $$aP13_3 000156935 520__ $$aThis 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. 000156935 650__ $$aPolitical Economy 000156935 650__ $$aPublic Economics 000156935 6531_ $$aGlobal financial crisis 000156935 6531_ $$amarket liberalism 000156935 6531_ $$aAustralia 000156935 6531_ $$amonetary policy. 000156935 700__ $$aQuiggin, John 000156935 8564_ $$9d5456e31-83de-47cf-9c06-dd2f420a5d69$$s233082$$uhttps://ageconsearch.umn.edu/record/156935/files/WPP13_3.pdf 000156935 887__ $$ahttp://purl.umn.edu/156935 000156935 909CO $$ooai:ageconsearch.umn.edu:156935$$pGLOBAL_SET 000156935 912__ $$nSubmitted by Evelyn Smart (e.smart@uq.edu.au) on 2013-09-16T22:46:07Z No. of bitstreams: 1 WPP13_3.pdf: 233082 bytes, checksum: 9ea7562f76cc8d3f56cf786e09664b21 (MD5) 000156935 912__ $$nMade available in DSpace on 2013-09-16T22:46:07Z (GMT). No. of bitstreams: 1 WPP13_3.pdf: 233082 bytes, checksum: 9ea7562f76cc8d3f56cf786e09664b21 (MD5) Previous issue date: 2013-09 000156935 913__ $$aLicense granted by Evelyn Smart (e.smart@uq.edu.au) on 2013-09-16T22:41:28Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000156935 980__ $$a1744 000156935 982__ $$gUniversity of Queensland>School of Economics>Risk and Sustainable Management Group Working Papers