JRRA Informativo
MACROECONOMICS
1829
31/08/2019

Global Economic Recovery (Chen et al.)

The global economic recovery 10 years after the 2008 financial crisis by Wenjie Chen, Mico Mrkaic and Maljar S. Nabar published by IMF (4/2019). "This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08..."
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Whither Central Banking? (Summers & Stansbury)

Whither central banking? by Lawrence H. Summers and Anna Stansbury published by Project Syndicate (8/2019). "In an environment of secular stagnation in the developed economies, central bankers' ingenuity in loosening monetary policy is exactly what is not needed. What is needed are admissions of impotence, in order to spur efforts by governments to promote demand through fiscal policies and other means."
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Age of Growing Inequality (Galbraith)

Paul Davidson, who's afraid of John Maynard Keynes? Challenging economic governance in an age of growing inequality by James K. Galbraith published by Palgrave-MacMillan (2017). "Paul Davidson, in his ninth decade, has produced a crisp and clear exegesis of essential Keynesian ideas and the critical failures of so-called mainstream economic thought. The most critical flaw lies in the treatment of time..."
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Incertidumbre Económica (Nassif)

Desafíos de Brasil frente a la incertidumbre económica y financiera internacional por André Nassif en el Duodécimo Encuentro de Economistas de Bolivia (8/2019). "Debido a la ampla apertura a los movimientos externos de capital, Brasil ha tenido uno margem muy estrecho para lidiar con la incerdidumbre financiera y económica internacional..."
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Economic Nationalism (Bolle & Zettelmeyer)

Measuring the rise of economic nationalism by Monica de Bolle and Jeromin Zettelmeyer published by PIIE (8/2019). "...As of 2018, economic policy preferences in emerging-market economies were more nationalist and less liberal than in advanced countries, but the gap has narrowed. Right-wing parties tend to be more nationalist than left-wing parties in the areas of immigration restrictions, FDI restrictions, and antimultilateralism, but there is no significant difference with respect to trade protectionism."
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