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The Keynesian Endpoint
     

The Keynesian Endpoint

by Tony Crescenzi
 

What happens now? Economics in an age when fiscal stimulus can't be funded and no longer works.

After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who's backing the U.S.? Practically, nations

Overview

What happens now? Economics in an age when fiscal stimulus can't be funded and no longer works.

After Lehman fell, the scope of the financial crisis became so great that only the fiscal and monetary authorities possessed balance sheets large enough to resolve it. But if the U.S. is backing its financial system, who's backing the U.S.? Practically, nations have reached "the Keynesian Endpoint": No more balance sheets are left to support either economic activity or the financial system.

Product Details

ISBN-13:
9780132597272
Publisher:
Pearson Education
Publication date:
10/15/2010
Series:
FT Press Delivers Shorts
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
15
File size:
651 KB

Meet the Author

Tony Crescenzi is senior vice president, market strategist, and portfolio manager for PIMCO. Previously, he was chief bond market strategist at Miller Tabak where he worked for 23 years, created the firm’s asset management division, and served as chairman. He appears regularly on CNBC and Bloomberg television and in financial news media, and taught in the executive MBA program at Baruch College from 1999—2009.

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