Law and Macroeconomics: Legal Remedies to Recessions
After 2008, private-sector spending took a decade to recover. Yair Listokin thinks we can respond more quickly to the next meltdown by reviving and refashioning a policy approach, used in the New Deal, to harness law’s ability to function as a macroeconomic tool, stimulating or relieving demand as required under certain crisis conditions.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
adjust administrative agencies aggregate demand approval assets automatic stabilizers balanced budget requirements bankruptcy benefits borrowers bound on interest business cycle capacity cash central bank Chapter cost–benefit analysis costs currency union debt supercycle debtors decisions decrease deficits demand for meals destabilizing discretion discretionary fiscal policy downturns economists economy’s equilibrium European Eurozone expansionary fiscal policy expansionary legal policy financial crisis fiscal multipliers fiscal stimulus Fund government spending implemented income tax increase inflation target institutions investment IS-LM model judges jurisdiction law and macroeconomics legislative legislature liquidity trap LM curve macro macroeco macroeconomic policy ment mitigate monetary and fiscal money supply nomic offset OFRA output percent policymakers political potential price controls programs prolonged recessions quantitative easing reduce regulatory response restaurant economy role savers secular stagnation short-term interest rates stimulate aggregate demand stimulate the economy tax expenditures tion unconventional monetary policy unemployment United utility regulation wages zero lower bound