The great recession :: market failure or policy failure? /
"Since publication of Robert L. Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations, and the efficacy of...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge ; New York :
Cambridge University Press,
©2012.
|
| Schriftenreihe: | Studies in macroeconomic history.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Since publication of Robert L. Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations, and the efficacy of the price system in assuring macroeconomic stability. The 2008-2009 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the credit-cycle or asset-bubble explanations of recession that dominated thinking in the 19th and first half of the 20th century. These "market-disorder" views emphasize excessive risk taking in financial markets and the need for government regulation. The present book argues for the alternative "monetary-disorder" view of recessions. A review of cyclical instability over the last two centuries places the 2008-2009 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in financial markets."--Publisher's website. |
| Beschreibung: | 1 online resource (xiv, 384 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781139336840 1139336843 9781139338585 1139338587 9781139337717 1139337718 9781139340168 1139340166 9780511997563 0511997566 9786613571519 6613571512 113934174X 9781139341745 |
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| 245 | 1 | 4 | |a The great recession : |b market failure or policy failure? / |c Robert L. Hetzel. |
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| 505 | 0 | |a The 2008-2009 recession : market or policy maker failure? -- Recessions: financial instability or monetary mismanagement? -- The great contraction: 1929-1933 -- Monetary policy and bank runs in the great depression -- Vigorous recovery and relapse: 1933-1939 -- Interwar international monetary experiments -- Identifying the shocks that cause recessions -- From stop-go to the great moderation -- Controlling bank risk taking: market or regulatory discipline? -- The housing crash : subsidizing housing and bank risk taking -- Bubble trouble: easy money in 2003 and 2004? What caused the great recession of 2008-2009? What caused the great leverage collapse? -- The distinctions between credit, monetary, and liquidity policy -- Fed market interventions : the experiment with credit policy -- Evaluating policy : what are the relevant counterfactuals -- The business cycle: market instability or monetary instability? Why is learning so hard? How should society regulate capitalism: rules versus discretion. | |
| 520 | |a "Since publication of Robert L. Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations, and the efficacy of the price system in assuring macroeconomic stability. The 2008-2009 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the credit-cycle or asset-bubble explanations of recession that dominated thinking in the 19th and first half of the 20th century. These "market-disorder" views emphasize excessive risk taking in financial markets and the need for government regulation. The present book argues for the alternative "monetary-disorder" view of recessions. A review of cyclical instability over the last two centuries places the 2008-2009 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in financial markets."--Publisher's website. | ||
| 504 | |a Includes bibliographical references and index. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Recessions |z United States. | |
| 650 | 0 | |a Monetary policy |z United States. | |
| 650 | 0 | |a Business cycles |z United States. | |
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| 650 | 6 | |a Récessions |z États-Unis. | |
| 650 | 6 | |a Politique monétaire |z États-Unis. | |
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| 651 | 6 | |a États-Unis |x Conditions économiques |y 2009- | |
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| 650 | 7 | |a Economic history |2 fast | |
| 650 | 7 | |a Economic policy |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 650 | 7 | |a Recessions |2 fast | |
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| 650 | 7 | |a Stabilitätspolitik |2 gnd |0 http://d-nb.info/gnd/4077791-1 | |
| 650 | 7 | |a Geldpolitik |2 gnd | |
| 650 | 7 | |a Recession. |2 sao | |
| 650 | 7 | |a Penningpolitik. |2 sao | |
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Datensatz im Suchindex
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| _version_ | 1816796904237826049 |
| adam_text | |
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| author | Hetzel, Robert L. |
| author_GND | http://id.loc.gov/authorities/names/n2004105087 |
| author_facet | Hetzel, Robert L. |
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| collection | ZDB-4-EBU |
| contents | The 2008-2009 recession : market or policy maker failure? -- Recessions: financial instability or monetary mismanagement? -- The great contraction: 1929-1933 -- Monetary policy and bank runs in the great depression -- Vigorous recovery and relapse: 1933-1939 -- Interwar international monetary experiments -- Identifying the shocks that cause recessions -- From stop-go to the great moderation -- Controlling bank risk taking: market or regulatory discipline? -- The housing crash : subsidizing housing and bank risk taking -- Bubble trouble: easy money in 2003 and 2004? What caused the great recession of 2008-2009? What caused the great leverage collapse? -- The distinctions between credit, monetary, and liquidity policy -- Fed market interventions : the experiment with credit policy -- Evaluating policy : what are the relevant counterfactuals -- The business cycle: market instability or monetary instability? Why is learning so hard? How should society regulate capitalism: rules versus discretion. |
| ctrlnum | (OCoLC)793520530 |
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| dewey-ones | 330 - Economics |
| dewey-raw | 330.973 |
| dewey-search | 330.973 |
| dewey-sort | 3330.973 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| era | Since 2009 fast |
| era_facet | Since 2009 |
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| geographic | United States Economic policy 2009- http://id.loc.gov/authorities/subjects/sh2009006640 United States Economic conditions 2009- http://id.loc.gov/authorities/subjects/sh2009006641 États-Unis Conditions économiques 2009- United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Förenta staterna. sao |
| geographic_facet | United States Economic policy 2009- United States Economic conditions 2009- États-Unis Conditions économiques 2009- United States Förenta staterna. |
| id | ZDB-4-EBU-ocn793520530 |
| illustrated | Illustrated |
| indexdate | 2024-11-26T14:49:05Z |
| institution | BVB |
| isbn | 9781139336840 1139336843 9781139338585 1139338587 9781139337717 1139337718 9781139340168 1139340166 9780511997563 0511997566 9786613571519 6613571512 113934174X 9781139341745 |
| language | English |
| oclc_num | 793520530 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xiv, 384 pages) : illustrations |
| psigel | ZDB-4-EBU |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | Cambridge University Press, |
| record_format | marc |
| series | Studies in macroeconomic history. |
| series2 | Studies in macroeconomic history |
| spelling | Hetzel, Robert L. http://id.loc.gov/authorities/names/n2004105087 The great recession : market failure or policy failure? / Robert L. Hetzel. Cambridge ; New York : Cambridge University Press, ©2012. 1 online resource (xiv, 384 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Studies in macroeconomic history The 2008-2009 recession : market or policy maker failure? -- Recessions: financial instability or monetary mismanagement? -- The great contraction: 1929-1933 -- Monetary policy and bank runs in the great depression -- Vigorous recovery and relapse: 1933-1939 -- Interwar international monetary experiments -- Identifying the shocks that cause recessions -- From stop-go to the great moderation -- Controlling bank risk taking: market or regulatory discipline? -- The housing crash : subsidizing housing and bank risk taking -- Bubble trouble: easy money in 2003 and 2004? What caused the great recession of 2008-2009? What caused the great leverage collapse? -- The distinctions between credit, monetary, and liquidity policy -- Fed market interventions : the experiment with credit policy -- Evaluating policy : what are the relevant counterfactuals -- The business cycle: market instability or monetary instability? Why is learning so hard? How should society regulate capitalism: rules versus discretion. "Since publication of Robert L. Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations, and the efficacy of the price system in assuring macroeconomic stability. The 2008-2009 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the credit-cycle or asset-bubble explanations of recession that dominated thinking in the 19th and first half of the 20th century. These "market-disorder" views emphasize excessive risk taking in financial markets and the need for government regulation. The present book argues for the alternative "monetary-disorder" view of recessions. A review of cyclical instability over the last two centuries places the 2008-2009 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in financial markets."--Publisher's website. Includes bibliographical references and index. Print version record. Recessions United States. Monetary policy United States. Business cycles United States. United States Economic policy 2009- http://id.loc.gov/authorities/subjects/sh2009006640 United States Economic conditions 2009- http://id.loc.gov/authorities/subjects/sh2009006641 Récessions États-Unis. Politique monétaire États-Unis. Cycles économiques États-Unis. États-Unis Conditions économiques 2009- BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Business cycles fast Economic history fast Economic policy fast Monetary policy fast Recessions fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Wirtschaftliche Lage gnd http://d-nb.info/gnd/4248362-1 Rezession gnd http://d-nb.info/gnd/4177966-6 Stabilitätspolitik gnd http://d-nb.info/gnd/4077791-1 Geldpolitik gnd Recession. sao Penningpolitik. sao Förenta staterna. sao Since 2009 fast has work: The great recession (Text) https://id.oclc.org/worldcat/entity/E39PCFr89HX4txqrHF8Fjm4THC https://id.oclc.org/worldcat/ontology/hasWork Print version: Hetzel, Robert L. Great recession. Cambridge ; New York : Cambridge University Press, ©2012 9781107011885 (DLC) 2011038742 (OCoLC)753468534 Studies in macroeconomic history. http://id.loc.gov/authorities/names/n99047820 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=438562 Volltext |
| spellingShingle | Hetzel, Robert L. The great recession : market failure or policy failure? / Studies in macroeconomic history. The 2008-2009 recession : market or policy maker failure? -- Recessions: financial instability or monetary mismanagement? -- The great contraction: 1929-1933 -- Monetary policy and bank runs in the great depression -- Vigorous recovery and relapse: 1933-1939 -- Interwar international monetary experiments -- Identifying the shocks that cause recessions -- From stop-go to the great moderation -- Controlling bank risk taking: market or regulatory discipline? -- The housing crash : subsidizing housing and bank risk taking -- Bubble trouble: easy money in 2003 and 2004? What caused the great recession of 2008-2009? What caused the great leverage collapse? -- The distinctions between credit, monetary, and liquidity policy -- Fed market interventions : the experiment with credit policy -- Evaluating policy : what are the relevant counterfactuals -- The business cycle: market instability or monetary instability? Why is learning so hard? How should society regulate capitalism: rules versus discretion. Recessions United States. Monetary policy United States. Business cycles United States. Récessions États-Unis. Politique monétaire États-Unis. Cycles économiques États-Unis. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Business cycles fast Economic history fast Economic policy fast Monetary policy fast Recessions fast Wirtschaftliche Lage gnd http://d-nb.info/gnd/4248362-1 Rezession gnd http://d-nb.info/gnd/4177966-6 Stabilitätspolitik gnd http://d-nb.info/gnd/4077791-1 Geldpolitik gnd Recession. sao Penningpolitik. sao |
| subject_GND | http://id.loc.gov/authorities/subjects/sh2009006640 http://id.loc.gov/authorities/subjects/sh2009006641 http://d-nb.info/gnd/4248362-1 http://d-nb.info/gnd/4177966-6 http://d-nb.info/gnd/4077791-1 |
| title | The great recession : market failure or policy failure? / |
| title_auth | The great recession : market failure or policy failure? / |
| title_exact_search | The great recession : market failure or policy failure? / |
| title_full | The great recession : market failure or policy failure? / Robert L. Hetzel. |
| title_fullStr | The great recession : market failure or policy failure? / Robert L. Hetzel. |
| title_full_unstemmed | The great recession : market failure or policy failure? / Robert L. Hetzel. |
| title_short | The great recession : |
| title_sort | great recession market failure or policy failure |
| title_sub | market failure or policy failure? / |
| topic | Recessions United States. Monetary policy United States. Business cycles United States. Récessions États-Unis. Politique monétaire États-Unis. Cycles économiques États-Unis. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh Business cycles fast Economic history fast Economic policy fast Monetary policy fast Recessions fast Wirtschaftliche Lage gnd http://d-nb.info/gnd/4248362-1 Rezession gnd http://d-nb.info/gnd/4177966-6 Stabilitätspolitik gnd http://d-nb.info/gnd/4077791-1 Geldpolitik gnd Recession. sao Penningpolitik. sao |
| topic_facet | Recessions United States. Monetary policy United States. Business cycles United States. United States Economic policy 2009- United States Economic conditions 2009- Récessions États-Unis. Politique monétaire États-Unis. Cycles économiques États-Unis. États-Unis Conditions économiques 2009- BUSINESS & ECONOMICS Economic Conditions. BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics Comparative. POLITICAL SCIENCE Economic Conditions. Business cycles Economic history Economic policy Monetary policy Recessions United States Wirtschaftliche Lage Rezession Stabilitätspolitik Geldpolitik Recession. Penningpolitik. Förenta staterna. |
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