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Status:
Available4.7
13 reviews
ISBN 10: 0230229042
ISBN 13: 9780230229044
Author: Philip Arestis, Elias Karakitsos
The US is slowly recovering from the aftermath of the burst of the 'new economy' bubble - which was one of the worst in monetary history. In this updated edition, Philip Arestis and Elias Karakitsos examine the causes and consequences of the burst of the 'new economy' bubble and investigate the impact on financial markets.
1 Introduction
2 The Causes and Consequences of the Internet Bubble
3 The Current Financial Crisis and the Origins of Excessive Liquidity
4 Wages and Prices and the Proper Conduct of Monetary Policy
5 Corporate Profits and Relationship to Investment
6 Long-Term Risks to Investment Recovery
7 The Housing Market and Residential Investment
8 Long-Term Risks of Robust Consumer Behaviour
9 Foreign Demand
10 The US External Imbalance and the Dollar: A Long-Term View
11 The Long-term Risks to US Financial Markets
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Tags: Philip Arestis, Elias Karakitsos, Recession, Economy
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