The Post 'Great Recession' US Economy Implications for Financial Markets and the Economy

by Arestis, Philip; Karakitsos, Elias

• ISBN13: 9780230229044
• ISBN10: 0230229042
• Format: Hardcover
• Copyright: 2010-08-15
• Publisher: Palgrave Macmillan

Summary

The US is slowly recovering from the aftermath of the burst of the 'new economy' bubble - which was one of the worst in monetary history. In this updated edition, Philip Arestis and Elias Karakitsos examine the causes and consequences of the burst of the 'new economy' bubble and investigate the impact on financial markets.

Author Biography

PHILIP ARESTIS is a Professor at the Cambridge Centre for Economic and Public Policy, University of Cambridge, UK, and Senior Research Fellow at the Levy Institute, New York City.

ELIAS KARAKITSOS is at Global Economic Research. He has previously acted as an economic and investment advisor to many institutional investors, including Citibank/Citicorp, Oppenheimer, Allianz, Nestle and Abbey National.

 

Table of Contents

List of Figures	p. viii
List of Tables	p. xiii
Prolegomena	p. xiv
Preface to the Second Edition	p. xxi
Introduction	p. 1
The Causes and Consequences of the Internet Bubble	p. 23
The Current Financial Crisis and the Origins of Excessive Liquidity	p. 41
Wages and Prices and the Proper Conduct of Monetary Policy	p. 58
Corporate Profits and Relationship to Investment	p. 97
Long-Term Risks to Investment Recovery	p. 120
The Housing Market and Residential Investment	p. 150
Long-Term Risks of Robust Consumer Behaiour	p. 179
Foreign Demand	p. 212
The US External Imbalance and the Dollar: A Long-Term View	p. 239
The Long-Term Risks to US Financial Markets	p. 273
Notes	p. 303
Bibliography	p. 310
Index	p. 318
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