The limits of fiscal, monetary, and trade policies: International comparisons and solutions

Research output: Book/ReportBook

1 Citation (Scopus)

Abstract

Sixteen countries across the world - including the United States and many European nations - have fallen into economic crises since the late 1990s. In The Limits of Fiscal, Monetary, and Trade Policies: International Comparisons and Solutions, Jonathan E Leightner convincingly argues that the fundamental cause of the global malaise is a surplus of savings. He provides compelling evidence (via statistical estimates) that fiscal, monetary, and trade policies cannot solve the resulting problems since their effectiveness has plummeted. Leightner also shows that the solution to the current global economic woes is a "consumption driven growth model" (which China advocates but has yet to fully implement) because when there is insufficient consumption, excess savings will remain idle, seek a return from rent or deception, or fund speculative bubbles.

Original languageEnglish (US)
PublisherWorld Scientific Publishing Co.
Number of pages283
ISBN (Electronic)9789814571883
ISBN (Print)9789814571876
DOIs
StatePublished - Jan 1 2014

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international comparison
fiscal policy
trade policy
monetary policy
savings
rent
economic crisis
China
cause
evidence
economics
Savings
International comparison
Trade policy
Monetary policy
Fiscal policy
Growth model
Economic crisis
Deception
Surplus

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)
  • Social Sciences(all)

Cite this

The limits of fiscal, monetary, and trade policies : International comparisons and solutions. / Leightner, Jonathan E.

World Scientific Publishing Co., 2014. 283 p.

Research output: Book/ReportBook

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