The Other Half of Macroeconomics and the... - Catalogue Library Neoma Business School

The Other Half of Macroeconomics and the Fate of Globalization / Richard C. KOO / John Wiley & Sons (2018)

Titre :	The Other Half of Macroeconomics and the Fate of Globalization
Type de document :	e-book
Auteurs :	Richard C. KOO
Editeur :	John Wiley & Sons
Année de publication :	2018
ISBN/ISSN/EAN :	9781119482154
Note générale :	copyrighted
Langues :	Anglais (eng)
Résumé :	This work argues that there are actually two parts to macroeconomics but only one part where the private sector is maximizing profits is taught in universities. But for the private sector to be maximizing profits, it has to have clean balance sheets and attractive domestic investment opportunities. The bursting of the bubble in 2008 destroyed millions of balance sheets on both sides of the Atlantic, and businesses have been discovering for years before 2008 that the return on capital is much higher in emerging economies than in advanced economies. This book argues that once the fundamental and inevitable changes taking place in advanced countries are understood, it is possible to devise appropriate policy response to slow growth and inflation in these economies.
Nombre d'accès :	Illimité
En ligne :	https://neoma-bs.idm.oclc.org/login?url=https://www.scholarvox.com/book/88873524
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