The limits of fiscal, monetary, and trade policies : international comparisons and solutions / Jonathan E. Leightner.

Format:

Book

Author/Creator:

Leightner, Jonathan E. (Jonathan Edward), 1957- author.

Language:

English

Subjects (All):

Fiscal policy.

Monetary policy.

Commercial policy.

Saving and investment.

Physical Description:

1 online resource (304 p.)

Place of Publication:

Singapore : World Scientific Publishing Company, 2015.

Language Note:

English

Summary:

Sixteen countries across the world - including the United States and many European nations - have fallen into economic crises since the late 1990s. In The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions , Jonathan E Leightner convincingly argues that the fundamental cause of the global malaise is a surplus of savings. He provides compelling evidence (via statistical estimates) that fiscal, monetary, and trade policies cannot solve the resulting problems since their effectiveness has plummeted. Leightner also shows that the solution to the current global

Contents:

CONTENTS; List of Figures; List of Tables; About the Author; Acknowledgments; Chapter 1: Introduction; The Main Argument; A Global Surplus of Savings; The Qualitative Difference between a Return from Investment Based on Owning versus a Return Based on Expanding Production; Consumption-Driven Growth Worked in the Past; Outline of the Rest of the Book; Chapter 2: Banking Policy; Financial Liberalization and its Consequences; Thailand; Cyprus; Ireland; Chapter 3: Monetary Policy; Chapter 4: Fiscal Policy; Chapter 5: Trade Policy; Chapter 6: Currency Policy

Chapter 7: China and Export Versus Consumption-Driven GrowthChina's Export-Driven Growth Model; An Empirical Evaluation of China's Consumption-Driven Growth Model; Reforms Needed for a Successful Chinese Consumption Growth Model; A Fork in the Road: China's International Capital Choices; Conclusion; Chapter 8: Income Distribution; The Anti-Equality Argument; The Pro-Equality Argument; Chapter 9: Conclusion; Appendix 1: Reiterative Truncated Projected Least Squares; Introduction; An intuitive explanation of RTPLS and literature survey; Simulations5

An Additional Simulation Showing Some More Complex SituationsHow Random Error Affects RTPLS Theoretically; Appendix 2: Additional Figures for Chapter 4; Appendix 3: Additional Figures for Chapter 5; Appendix 4: Additional Information for Chapter 8; Appendix 5: Additional Tables for Chapter 9; References; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

981-4571-88-1