Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Monetary Policy in the 2008-2009 Recession: A Reprint from the “Economic Quarterly”
Robert L. Hetzel (au)
The recession that began with a cyclical peak in Dec. 2007 originated in a combination of real shocks because of a fall in housing wealth and a fall in real income from an increase in energy prices. The most common explanation for the intensification of the recession that began in the late summer of 2008 is the propagation of these shocks through dysfunction in credit markets. The alternative explanation offered emphasizes propagation through contractionary monetary policy. The 1st explanation stresses the importance of credit-market interventions (credit policy). The 2nd emphasizes the importance of money creation (money-creation policy). "The System should always be engaged in a ruthless examination of its past record."
Behavior & Learning of Animal Babies
Calendars & Constellations of the Ancient World
Women Warriors: A History
American Vegetarian Resource Directory: Some Signposts on the Journey Towards a Healthier, More Ethically & Environmentally Balanced Lifestyle
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.