Trying to escape the Malaise State in the future: A macroeconomic design to hinder another Great Recession which risks the Welfare State.
This paper suggests a theoretical macroeconomic design, which overviews every aspect of current common macroeconomic thought. In order to do it, we start by defining the basic values in which an economy should be based on. Monetary and fiscal policy instruments are subjected to analysis, which relat...
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| Formato: | informe técnico |
| Fecha de publicación: | 2012 |
| País: | España |
| Recursos: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/49132 |
| Acesso em linha: | https://hdl.handle.net/20.500.14352/49132 |
| Access Level: | acceso abierto |
| Palavra-chave: | Great recession Wealth targeting Crisis Sub-prime Mortgages Gran recesion Monitorizacion de la riqueza Hipotecas sub-prime Crisis económicas Finanzas Mercados bursátiles y financieros Macroeconomía Economía internacional 5307.06 Fluctuaciones Económicas 5307.14 Teoría Macroeconómica 5310 Economía Internacional |
| Resumo: | This paper suggests a theoretical macroeconomic design, which overviews every aspect of current common macroeconomic thought. In order to do it, we start by defining the basic values in which an economy should be based on. Monetary and fiscal policy instruments are subjected to analysis, which relate to what we define as intermediate goals, in contrast with which is apparently taken as the final goals for policymakers. Going beyond, we analyze our target variables for this design, suggesting a new one, which is in line with some wealth targeting measures claimed in some circles. Such target variables would improve the satisfaction of needs and wants by individuals, and contribute to human development, which would offer a feedback to the values in which an economy is supposed to be based on. |
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