The Global Great Recession

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World Scientific, 2011 - Economics - 383 pages
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Canterbery''s latest literary work provides a definitive account of the Great Recession of 2007OCo2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery, OC the best.OCO
 

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Contents

Chapter 1 At Inception
1
Chapter 2 The Great Depression
11
Chapter 3 Primal Keynesianism and the New Deal
25
Chapter 4 A Post Keynesian Framework
41
Chapter 5 The Rise of Casino Capitalism
83
Chapter 6 The Housing Bubble Conundrum
123
Chapter 7 The Anatomy of the Subprime Mortgage Bubble and Collapse
139
Chapter 8 The Fallout from the Housing Collapse
161
Chapter 10 The Unconventional Use of Monetary Policy
199
Chapter 11 The Deep Decline in Output and Employment
221
Chapter 12 The Unconventional Use of Fiscal Policy
251
Chapter 13 The Great Inequalities
265
Old and New
285
Chapter 15 Prospects
315
Index
335
Copyright

Chapter 9 The Great Money and Banking Panic
177

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