Law and macroeconomics : legal remedies to recessions / Yair Listokin.
2019
KF5900 .L57 2019 (Mapit)
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Details
Title
Law and macroeconomics : legal remedies to recessions / Yair Listokin.
Imprint
Cambridge, Massachusetts : Harvard University Press, 2019.
Copyright
©2019
Description
269 pages : illustrations ; 25 cm
Formatted Contents Note
Part I. Law, fiscal policy, and monetary policy
Macroeconomics outside of a liquidity trap
Law and fiscal policy when interest rates are well above zero
Law and monetary policy when interest rates are well above zero
The painful costs of prolonged recessions : evidence and theory
Law, monetary policy, and fiscal policy in a liquidity trap
Institutional reform of fiscal policy
Expansionary fiscal policy by administrative agencies
Part II. The pros and cons of expansionary legal policy
Expansionary legal policy : the case of the Keystone Pipeline
The costs of expansionary legal policy
Law and macroeconomics : lessons from history
Expansionary legal policy options
Conclusion : Five lessons of law and macroeconomics.
Macroeconomics outside of a liquidity trap
Law and fiscal policy when interest rates are well above zero
Law and monetary policy when interest rates are well above zero
The painful costs of prolonged recessions : evidence and theory
Law, monetary policy, and fiscal policy in a liquidity trap
Institutional reform of fiscal policy
Expansionary fiscal policy by administrative agencies
Part II. The pros and cons of expansionary legal policy
Expansionary legal policy : the case of the Keystone Pipeline
The costs of expansionary legal policy
Law and macroeconomics : lessons from history
Expansionary legal policy options
Conclusion : Five lessons of law and macroeconomics.
Summary
Law and Macroeconomics is among a small number of books to explore law, regulations, and macroeconomics. Most of law and economics is focused on microeconomics. In contrast, Listokin is interested in macroeconomic policy, and especially the question of what legal and regulatory options are there to quickly respond to a crisis like the Great Depression or the recent Great Recession. To make this manageable, Listokin focuses on the role of law in confronting the 2008 financial crisis. In the economist's toolkit for confronting a recession are choices such as lowering interest rates and "quantitative easing." The law offers no such toolkit. Listokin argues that it should, especially given how modest the economic fixes have been since 2008.-- Provided by publisher.
Bibliography, etc. Note
Includes bibliographical references and index.
Call Number
KF5900 .L57 2019
Language
English
ISBN
9780674976054 hardcover alkaline paper
0674976053 hardcover alkaline paper
0674976053 hardcover alkaline paper
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