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No Way Out?: Government Intervention and the Financial Crisis
     

No Way Out?: Government Intervention and the Financial Crisis

by Michael D. Bordo (Contribution by), Ethan Ilzetzki (Contribution by), Greg Ip (Contribution by), Enrique G. Mendoza (Contribution by), Frederic S. Mishkin (Contribution by)
 

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In response to the ongoing financial crisis, the U.S. government has significantly expanded its role in economy, resulting in new legislation and both public and private policy overhauls. But these hasty efforts to buoy the economy may ultimately do more harm than good. In No Way Out?, Vincent R. Reinhart and his coauthors provide a concise narrative of the

Overview

In response to the ongoing financial crisis, the U.S. government has significantly expanded its role in economy, resulting in new legislation and both public and private policy overhauls. But these hasty efforts to buoy the economy may ultimately do more harm than good. In No Way Out?, Vincent R. Reinhart and his coauthors provide a concise narrative of the financial crisis, the mismatched market incentives and government policies that precipitated it, and the likelihood of its recurrence. This volume is an indispensable resource for policymakers and financial leaders and a timely reminder that until we understand the history of government intervention in the marketplace, we are doomed to repeat failed policies.

Product Details

ISBN-13:
9780844743585
Publisher:
American Enterprise Institute for Public Policy Research
Publication date:
04/16/2013
Pages:
204
Product dimensions:
6.10(w) x 9.10(h) x 0.80(d)

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Meet the Author

Vincent R. Reinhart is a managing director and chief US economist at Morgan Stanley and former director of the Federal Reserve Board's Division of Monetary Affairs.

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