The long-lasting, widespread COVID-19 pandemic has imposed huge challenges on public health as well as economic recovery. Governments must take an active role in designing and enforcing economic policies to address various problems that pure market forces cannot, such as externalities and the...

Contents -- Preface -- I Monetary Policy -- Questions: How Should the Crisis Affect Our Views of Monetary Policy? -- 1 Monetary Policy in the Wake of the Crisis -- 2 Conventional Wisdom Challenged? Monetary Policy after the Crisis -- 3 Lessons for Monetary Policy -- 4 Macroeconomics, Monetary...

Rezension (ekz): Der amerikanische Wirtschaftswissenschaftler (Nobelpreis 2001) hat auch in Deutschland viel Anerkennung mit seinen beiden Büchern zur Globalisierung gefunden. Er war zeitweise Clinton-Berater und Weltbankchef. Er beschreibt Mitte 2009 die grosse Rezession 2008 mit ihren...