What happens now? Economics in an age when fiscal stimulus can’t be funded and no longer works.
After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who’s backing the U.S.? Practically, nations have reached “the Keynesian Endpoint”: No more balance sheets are left to support either economic activity or the financial system.
Table of contents
- Title: The Keynesian Endpoint
- Release date: October 2010
- Publisher(s): Pearson
- ISBN: 9780132597265
You might also like
The Art of Managing Professional Services: Insights from Leaders of the World’s Top Firms
Today, millions of people work at over one million professional service firms generating over $2 trillion …
Complete Python Scripting for Automation
Over the last few years, Python has gained immense popularity. The demand for the programming language …
Certified Kubernetes Administrator (CKA) Study Guide
Exclusively on O'Reilly: Get more hands-on training and test your CKA exam readiness by working through …
CCNA Exam, Part 1: Network Fundamentals
The Cisco Certified Network Associate or CCNA exam validates your knowledge of fundamental networking concepts, and …