The Keynesian Endpoint

Business & Finance, Economics
Cover of the book The Keynesian Endpoint by Tony Crescenzi, Pearson Education
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Author: Tony Crescenzi ISBN: 9780132597272
Publisher: Pearson Education Publication: October 15, 2010
Imprint: FT Press Language: English
Author: Tony Crescenzi
ISBN: 9780132597272
Publisher: Pearson Education
Publication: October 15, 2010
Imprint: FT Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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