Table of Contents
List of Figures
List of Tables
Foreword
Notes on Contributors
Presidential Address
Introduction; Joseph E. Stiglitz
Towards a General Theory of Deep Downturns
Keynote addresses by Central Bank Governors
1. The Practice and Theory of Unconventional Monetary Policy; Haruhiko Kuroda, Governor of the Central Bank of Japan
2. Monetary Policy in a Constrained Environment; Ziad Fariz, Governor of the Central Bank of Jordan
PART I: MACROECONOMIC THEORY FOR UNDERSTANDING FLUCTUATIONS AND CRISES
3. A Theory of Pseudo-Wealth; Martin Guzman and Joseph E. Stiglitz
4. Great Recession and Beyond: Revisiting the Pillars of Economic Thought; A. Erinc Yeldan
5. Is Financial Stability Possible in the Current International System?; James M. Boughton
6. Learning, Expectations, and the Financial Instability Hypothesis; Martin Guzman and Peter Howitt
PART II: MACROECONOMIC POLICIES IN UNSTABLE TIMES
7. The Short-and Long-Run Damages of Fiscal Austerity: Keynes beyond Schumpeter; Giovanni Dosi, Mauro Napoletano, Andrea Roventini, and Tania Treibich
8. Structural Divergence and Crisis in the Eurozone: The Role of NAIRU Economics; Servaas Storm and C.W.M. Naastepad
9. Managing the Exchange Rate in the Face of Volatile Capital Flows; Jonathan D. Ostry
10. Achieving Coherence Between Macroeconomic and Development Objectives; Gerald Epstein
PART III: CENTRAL BANKING AND MONETARY POLICY
11. Re-imagining Central Banking; Perry Mehrling
12. Taking Banks to Solow; Hans Gersbach, Jean-Charles Rochet, and Martin Scheffel
Index