Crises of Governments: The Ongoing Global Financial Crisis & Recession by Robert

Description: Crises of Governments by Robert J. Barro Examines the causes and consequences of the financial crash. This title looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect can quickly wear off and the effect of the so-called stimulus packages can then be negative. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description In this short book, Robert Barro, one of the worlds leading economists, examines the causes and consequences of the financial crash. In particular, he looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect will quickly wear off and the effect of the so-called stimulus packages will then be negative. These are important observations given the pressure that Western governments are under to increase government borrowing in the face of slowing growth rates. The author moves on to discuss what he believes will be the next crisis - a crisis of government indebtedness. This publication is based on a lecture given in July 2011 and such a crisis has, indeed, unfolded. However, Professor Barro expects that this crisis will not be confined to the Eurozone. For example, US states are failing to deal with the problems of both explicit debt and future pensions and social insurance obligations. The author concludes with suggestions as to how governments should deal with these growing problems.This publication should be of interest to all who want to understand the wider economic implications of the financial crisis and the policy response to that crisis. Author Biography Robert Barro is an economics professor at Harvard University, coeditor of Harvards Quarterly Journal of Economics, a senior fellow at Stanford Universitys Hoover Institution, and was recently president of the Western Economic Association and vice president of the American Economic Association. He has written extensively on macroeconomics and economic growth for many publications, including Business Week and the Wall Street Journal. Long Description In this short book, Robert Barro, one of the worlds leading economists, examines the causes and consequences of the financial crash. In particular, he looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect will quickly wear off and the effect of the so-called stimulus packages will then be negative. These are important observations given the pressure that Western governments are under to increase government borrowing in the face of slowing growth rates. The author moves on to discuss what he believes will be the next crisis - a crisis of government indebtedness. This publication is based on a lecture given in July 2011 and such a crisis has, indeed, unfolded. However, Professor Barro expects that this crisis will not be confined to the Eurozone. For example, US states are failing to deal with the problems of both explicit debt and future pensions and social insurance obligations. The author concludes with suggestions as to how governments should deal with these growing problems. This publication should be of interest to all who want to understand the wider economic implications of the financial crisis and the policy response to that crisis. Details ISBN0255366574 Publisher Institute of Economic Affairs Language English ISBN-10 0255366574 ISBN-13 9780255366571 Media Book Format Paperback Pages 64 Year 2011 Short Title CRISES OF GOVERNMENTS THE ONGO Publication Date 2011-11-21 UK Release Date 2011-11-21 Imprint Institute of Economic Affairs Place of Publication London Country of Publication United Kingdom Illustrations tables & charts AU Release Date 2011-11-21 NZ Release Date 2011-11-21 Author Robert J. Barro Subtitle The Ongoing Global Financial Crisis & Recession DEWEY 338.542 Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:146700282;

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