Skip navigation
Hardcover | $20.95 Trade | £14.95 | ISBN: 9780262017619 | 174 pp. | 6 x 9 in | 1 b&w illus, 35 figures, 4 tables| February 2012
 
Paperback | $20.95 Trade | £9.95 | ISBN: 9780262526821 | 174 pp. | 6 x 9 in | 1 b&w illus, 35 figures, 4 tables| September 2014
 

In the Wake of the Crisis

Leading Economists Reassess Economic Policy

Overview

In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment.

The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices.

Contributors
Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guemundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner

About the Editors

Olivier Blanchard is Economic Counselor and Director of the Research Department at the International Monetary Fund. He is the author of Macroeconomics, among other books, and coauthor of Lectures on Macroeconomics (MIT Press). David Romer is Herman Royer Professor of Political Economy at the University of California, Berkeley, and author of Advanced Macroeconomics. Michael Spence, co-recipient of the 2001 Nobel Prize in Economics, is Professor Emeritus of Management at Stanford University’s Graduate School of Business and Professor of Economics at New York University’s Stern School of Business. He served as Chairman of the Commission on Growth and Development from 2006 to 2010 (the life of the commission). He is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World. Joseph Stiglitz, co-recipient of the 2001 Nobel Prize in Economics, is University Professor at Columbia University. He served as Chairman of the U.S. Council of Economic Advisers in the Clinton administration, and from 1997 to 2000 as World Bank Chief Economist and Senior Vice President in Development Economics. He is the author of Freefall: Free Markets and the Sinking of the World Economy, Globalization and Its Discontents, and other books.

David Romer is Herman Royer Professor of Political Economy at the University of California, Berkeley.

Michael Spence, co-recipient of the 2001 Nobel Prize in Economics, is Professor Emeritus of Management at Stanford University’s Graduate School of Business and Professor of Economics at New York University’s Stern School of Business. He served as Chairman of the Commission on Growth and Development from 2006 to 2010 (the life of the commission). He is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World.

Joseph Stiglitz, a 2001 Nobel Laureate, is University Professor at Columbia University.

Reviews

"This collection of specialized papers, written by well-known scholars in their fields of macroeconomics, does an excellent job of not only explaining the financial crisis but also answering some of the concerns that policy makers have raised regarding the effectiveness of both monetary and fiscal policy."—R.M.Ramazani, Choice