No Way Out: Persistent Government Interventions in the Great Contraction

  • Title:

    No Way Out: Persistent Government Interventions in the Great Contraction
  • Hardcover Price:

    70.00
  • Hardcover ISBN:

    978-0-8447-4358-5
  • Buy the Book

No Way Out: Persistent Government Interventions in the Great Contraction culminates more than a year of conversations with academics, policymakers, and financial market leaders to illuminate previously unexamined elements of the 2007–08 financial crisis. In the book, players in financial markets explore the mismatched market incentives and government policies that precipitated the crisis.

Among these analyses: former Federal Reserve governor and Columbia Business School Professor Frederic Mishkin provides a vision for an improved postcrisis Fed, and Ethan Ilzetzki of the London School of Economics and his coauthors assess the often-underwhelming impact of fiscal stimuli. As a whole, the volume provides a narrative of the financial crisis, its causes, and likely recurrences.

Editor Vincent R. Reinhart brings together an array of professional and academic authors to generate this narrative. The story demonstrates that government can do better, but only if it follows historical evidence, not popular opinion, to respond to financial crises.

CONTENTS

1.    Introduction by Vincent R. Reinhart

Part I: Markets React

2. An Alliance of Convenience by Christopher Whalen
3. Paradigm Lost: A Discussion of “No Way Out” by Angel Ubide
4. Contagion, Culture, and Shadow Banks: Why Some Countries Had Crises and Others Did Not by Greg Ip

Part II: Financial Experts Respond

5. The Federal Reserve after the Crisis by Frederic S. Mishkin
6. Determinants of the Size of Fiscal Multipliers in Open Economies by Ethan Ilzetzki, Enrique G. Mendoza, and Carlos A. Végh
7. Exit Strategies and the Federal Reserve by Ricardo Reis
8. Exits from Recessions: The US Experience, 1920−2007 by Michael D. Bordo and John Landon-Lane
9. Global Imbalances: The Crisis That Did Not Occur . . . Yet by Francis E. Warnock

Vincent R. Reinhart is a managing director and chief US economist at Morgan Stanley, responsible for the firm’s analysis of the US economy. He is also a former resident scholar at AEI.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Vincent R.
Reinhart

What's new on AEI

Making Ryan's tax plan smarter
image The teacher evaluation confronts the future
image How to reform the US immigration system
image Inversion hysteria
AEI on Facebook
Events Calendar
  • 25
    MON
  • 26
    TUE
  • 27
    WED
  • 28
    THU
  • 29
    FRI
Wednesday, August 27, 2014 | 3:00 p.m. – 4:15 p.m.
Teacher quality 2.0: Toward a new era in education reform

Please join AEI for a conversation among several contributors to the new volume “Teacher Quality 2.0: Toward a New Era in Education Reform” (Harvard Education Press, 2014), edited by Frederick M. Hess and Michael Q. McShane. Panelists will discuss the intersection of teacher-quality policy and innovation, exploring roadblocks and possibilities.

Event Registration is Closed
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.