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The post 'great recession' US economyimplications for financial markets and the economy /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The post 'great recession' US economyPhilip Arestis and Elias Karakitsos.
Reminder of title:	implications for financial markets and the economy /
remainder title:	Post 'great recession' United States economy
Author:	Arestis, Philip,
other author:	Karakitsos, Elias.
Published:	New York :Palgrave Macmillan,2010.
Description:	xxiv, 327 p. :ill.
Subject:	Financial crisesHistory21st century.United States
Online resource:	access to fulltext (Palgrave)
ISBN:	9780230276109

The post 'great recession' US economyimplications for financial markets and the economy /
Arestis, Philip,1941-

The post 'great recession' US economyimplications for financial markets and the economy /[electronic resource] :Post 'great recession' United States economyPhilip Arestis and Elias Karakitsos. - New York :Palgrave Macmillan,2010. - xxiv, 327 p. :ill.

Includes bibliographical references and index.

Prolegomena -- Preface -- Introduction -- The Causes and Consequences of the Internet Bubble -- The Current Financial Crisis and the Origins of Excessive Liquidity -- Wages and Prices and the Proper Conduct of Monetary Policy -- Corporate Profits and Relationship to Investment -- Long-Term Risks of Investment Recovery -- The Housing Market and Residential Investment -- Long-Term Risks of Robust Consumer Behaviour -- Foreign Demand -- The US External Imbalance and the Dollar: A Long-Term View -- The Long-term Risks to Financial Markets -- Bibliography.

Following the success of the first edition in predicting that as a result of the excessive liquidity at the time, the internet bubble wouldbe transformed into a housing bubble, which would burst once long-terminterest rates turned below short-term interest rates, which it did, the second edition has been built on similar grounds. It thereby builds systematically an appropriate framework to explain and analyze the economics of depression or the asset and debt deflation process that has been relevant in the last three cycles. It shows that the internet, housing and commodities bubbles areinterconnected. Explaining the origins of the recent credit crisis, this volume works out the implications for the US economy and financial markets, while suggesting how policy should be formulated toavoid and deflect future bubbles. This book is indispensable reading for all interested in macroeconomics, business cycle analysis, financial crises, credit crises, financial markets, monetary policyand the increasing role of the housing market in macroeconomics.

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2010.

Mode of access:World Wide Web.

ISBN: 9780230276109Subjects--Topical Terms:

471305
Financial crises
--History--United States--21st century.Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HB3743 / .A73 2010

Dewey Class. No.: 330.973

The post 'great recession' US economyimplications for financial markets and the economy /
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300 $a xxiv, 327 p. : $b ill.
504 $a Includes bibliographical references and index.
505 0 $a Prolegomena -- Preface -- Introduction -- The Causes and Consequences of the Internet Bubble -- The Current Financial Crisis and the Origins of Excessive Liquidity -- Wages and Prices and the Proper Conduct of Monetary Policy -- Corporate Profits and Relationship to Investment -- Long-Term Risks of Investment Recovery -- The Housing Market and Residential Investment -- Long-Term Risks of Robust Consumer Behaviour -- Foreign Demand -- The US External Imbalance and the Dollar: A Long-Term View -- The Long-term Risks to Financial Markets -- Bibliography.
520 $a Following the success of the first edition in predicting that as a result of the excessive liquidity at the time, the internet bubble wouldbe transformed into a housing bubble, which would burst once long-terminterest rates turned below short-term interest rates, which it did, the second edition has been built on similar grounds. It thereby builds systematically an appropriate framework to explain and analyze the economics of depression or the asset and debt deflation process that has been relevant in the last three cycles. It shows that the internet, housing and commodities bubbles areinterconnected. Explaining the origins of the recent credit crisis, this volume works out the implications for the US economy and financial markets, while suggesting how policy should be formulated toavoid and deflect future bubbles. This book is indispensable reading for all interested in macroeconomics, business cycle analysis, financial crises, credit crises, financial markets, monetary policyand the increasing role of the housing market in macroeconomics.
533 $a Electronic reproduction. $b Basingstoke, England : $c Palgrave Macmillan, $d 2010. $n Mode of access:World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on Sep. 27, 2010). $n Access may be restricted to users at subscribing institutions.
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