Skip to main content Accessibility help
×
Hostname: page-component-8448b6f56d-gtxcr Total loading time: 0 Render date: 2024-04-20T01:55:08.067Z Has data issue: false hasContentIssue false

16 - Government as Borrower and Innovator of Last Resort

from Part IV - The Comeback of Discretionary Fiscal Policy

Published online by Cambridge University Press:  19 May 2017

Ľudovít Ódor
Affiliation:
Council for Budget Responsibility, Slovakia
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2017

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bank for International Settlements (2014). 84th Annual Report, www.bis.org/publ/arpdf/ar2014e.htmGoogle Scholar
Board of Governors of the FED (1976). Banking & Monetary Statistics, 1914–1970, 2 vols. Washington DC.Google Scholar
The Economist (2005). The global housing boom: in come the waves. June 16, www.economist.com/node/4079027Google Scholar
European Central Bank (2012). Mario Draghi’s Interview with Le Monde. July 21, www.ecb.europa.eu/press/inter/date/2012/html/sp120721.en.htmlGoogle Scholar
Eurostat (2014). Provision of Deficit and Debt Data for 2013 – First Notification. April 23, http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-23042014-AP/EN/2-23042014-AP-EN.PDFGoogle Scholar
International Monetary Fund (2010). IMF Executive Board Approves €30 Billion Stand-By Arrangement for Greece. Press Release No. 10/187, May 9, 2010. www.imf.org/external/np/sec/pr/2010/pr10187.htmGoogle Scholar
International Monetary Fund (2013a). Global Financial Stability Report: Old Risks, New Challenges. April.Google Scholar
International Monetary Fund (2013b). Unconventional Monetary Policies – Recent Experience and Prospects, www.imf.org/external/np/pp/eng/2013/041813a.pdfCrossRefGoogle Scholar
International Monetary Fund (2013c). Unconventional Monetary Policies – Recent Experience and Prospects – Background Paper. www.imf.org/external/np/pp/eng/2013/041813.pdfGoogle Scholar
Koo, R. (2001). The Japanese economy in balance sheet recession. Business Economics, 36(2), 15.Google Scholar
Koo, Richard (2003). Balance Sheet Recession: Japan’s Struggle with Uncharted Economics and Its Global Implications. Singapore: John Wiley & Sons.Google Scholar
Koo, Richard (2008). The Holy Grail of Macro Economics: Lessons from Japan’s Great Recession. Singapore: John Wiley & Sons.Google Scholar
Koo, Richard (2014). The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy. Singapore: John Wiley & Sons.Google Scholar
Koo, R. and Fujita, S. (1997). Zaisei-saiken no Jiki wa Shijo ni Kike: Zaisei-saiken ka Keiki-kaifuku ka (Listen to the bond market for the timing of fiscal reform). Shukan Toyo Keizai, February 8, 52–9.Google Scholar
Krugman, P. (1998). It’s baaack: Japan’s slump and the return of the liquidity trap. Brookings Papers on Economic Activities, 2, 137205.Google Scholar
Maddison, A., Historical Statistics of the World Economy: 1–2008 AD, www.ggdc.net/maddison/Historical_Statistics/vertical-file_02-2010.xlsGoogle Scholar
Robb, G. (2015). Krugman: “Meh” is grade Fed gets on QE. Market Watch, November 9, www.marketwatch.com/story/krugman-meh-is-grade-fed-gets-on-qe-2015-11-09Google Scholar
Summers, L. H., (2009). Rescuing and Rebuilding the US Economy: A Progress Report. Prepared remarks at the Peterson Institute for International Economics, Washington DC, July 17, 2009, www.piie.com/publications/papers/paper.cfm?ResearchID=1264Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×