return to Cairns

DING ZHI JIE ZHANG HONG DI DENG YI BU LA DE LI W. BEI TE MAN DENG

ISBN 10: 7504957585 / ISBN 13: 9787504957580

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Ship out in 2 business day, And Fast shipping, Free Tracking number will be provided after the shipment.Paperback. Pages Number: 267 Publisher: China Financial Publishing House Pub. Date :2011-03-01. Keynesian economics that the government should actively use monetary and fiscal policies to avoid the economy into severe recession and inflation. this kind of thinking in the three decades after World War II to occupy a dominant position. However. the 1970s stagflation economic phenomenon. not only are seen as the traditional Keynesian can not be solved. even as the use of Keynesian economic policies of the direct product. 1990s. the Nobel Prize in Economics awarded several University of Chicago economist. this event seemed to mark against Keynesian counter-revolutionary reached its peak. However. with the Internet bubble burst in 2000 and the subsequent 9.11 terrorist attacks occur. people on the discussion of the nature of macroeconomic policy have also changed. It also enables governments to use macroeconomic policy on a huge attitude shift. the Bush administration and elsewhere. including some governments have sought to use fiscal and monetary policies. including Keynesian measures to stabilize the deteriorating economy. In the past year. the central bank to the world financial system into the billions of dollars of liquidity to cope with the crisis triggered by the subprime mortgage crisis of confidence. lack of liquidity and large-scale bankruptcy. these are dramatic signs the Keynesian get its rebirth. In order to fullyFour Satisfaction guaranteed,or money back.

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Bibliographic Details

• Title: return to Cairns
• ISBN 10: 7504957585
• ISBN 13: 9787504957580
• Binding: paperback
• Condition: New

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Synopsis

Keynesian economics proposes that the government should actively use monetary policy and fiscal policy to prevent the economy falling into the severe depression and inflation, and this idea had prevailed for thirty years after the second world war. However, the economic stagflation appeared in 1970's was considered to be irresoluble and even the direct outcome of Keynesian economic policy. With the internet bubble burst in 2000 and the following ""9.11"" terrorist attack, people's discussion on the essence of macro economic policy changes profoundly,which leads to the great transformation of government's attitude towards macro economic policy. Bush administration and governments of other regions try to use Keynesian methods including fiscal policy and monetary policy to stablize their worsening economy. In the past year, the central bank of differerent countries has injected 1 billion US dollors into the world financial system to cope with the confidence crisis, mobility defeciency and bankrupt crisis, which indicating the rebirth of Keynesian economics. The book ""Back to Keynes"" will demonstrate the Keynesian economics from a fresh new point of view.