Who caused the Great Recession? We did. In Disequilibrium,economist Steven Ricchiuto traces how destructive changes in our economic systems have created our present unbalanced economy. He expertly shows how today’s disequilibrium between supply and demand came from decades of misguided economic policies made in response to the Great Inflation of the 1970s and 1980s. Ricchiuto then goes even further, investigating how economic forces created in the World War II era laid the groundwork for this destructive shift. Ricchiuto's timely book offers a method for assessing macro economic credit quality and suggests policy makers alter their behavior to handle new macro dynamics. Today’s economic framework cannot be counted on to protect us forever. In Disequilibrium, Ricchiuto shows us where we went wrong in the past so that we can work to get the future right.
A Comprehensive Look at the Evolving Role of Money in Our Economy Steven Ricchiuto, Wall Street veteran and US economist, shares with you his expert knowledge about the diverse history and function of money in the US economy. Tracing the development of money from shells to today’s fiat currency regime, Ricchiuto dissects the different models economists use to explain money’s role in the economy and how it determines growth, inflation, and interest rates. Moneynomics is the onlybook you need for understanding money’s changing purpose in the economy. Inside is a detailed explanation of all aspects of money, including: • The various forms money has taken throughout history • Why gold has long been a favored form of money • The role money plays in the economy—theoretically, in practice, and in policy • How you can use the lessons learned in the past to understand how we have gone from battling stagflation to trying to stave off deflation • Recognizing the shifting functions of money in the evolution of macroeconomic theory and the different forms of currency regimes Using Ricchiuto’s vast experience and acumen, you, too, can become an authority on the role of money in our world, and how it ultimately impacts your life and the overall economy.
Who caused the Great Recession? We did. In Disequilibrium,economist Steven Ricchiuto traces how destructive changes in our economic systems have created our present unbalanced economy. He expertly shows how today’s disequilibrium between supply and demand came from decades of misguided economic policies made in response to the Great Inflation of the 1970s and 1980s. Ricchiuto then goes even further, investigating how economic forces created in the World War II era laid the groundwork for this destructive shift. Ricchiuto's timely book offers a method for assessing macro economic credit quality and suggests policy makers alter their behavior to handle new macro dynamics. Today’s economic framework cannot be counted on to protect us forever. In Disequilibrium, Ricchiuto shows us where we went wrong in the past so that we can work to get the future right.
In Symptomatic to Systemic, Steven Ricchiuto examines an exhaustive data set of analytics around each postwar business cycle. He identifies the underlying causes precipitating downturns in the economy and finds that financial dislocations and debacles have undergone a distressing evolution. They are no longer the result of a classic economic contraction, but seemingly systemic causes that operate independently of traditional predictors of recessions. Ricchiuto's book helps readers recognize the factors that are driving key markets and interpret the new indicators of economic health. Symptomatic to Systemic provides clues as to where the next contraction may surface so that readers won't be caught unaware.
In Symptomatic to Systemic, Steven Ricchiuto examines an exhaustive data set of analytics around each postwar business cycle. He identifies the underlying causes precipitating downturns in the economy and finds that financial dislocations and debacles have undergone a distressing evolution. They are no longer the result of a classic economic contraction, but seemingly systemic causes that operate independently of traditional predictors of recessions. Ricchiuto's book helps readers recognize the factors that are driving key markets and interpret the new indicators of economic health. Symptomatic to Systemic provides clues as to where the next contraction may surface so that readers won't be caught unaware.
A Comprehensive Look at the Evolving Role of Money in Our Economy Steven Ricchiuto, Wall Street veteran and US economist, shares with you his expert knowledge about the diverse history and function of money in the US economy. Tracing the development of money from shells to today’s fiat currency regime, Ricchiuto dissects the different models economists use to explain money’s role in the economy and how it determines growth, inflation, and interest rates. Moneynomics is the onlybook you need for understanding money’s changing purpose in the economy. Inside is a detailed explanation of all aspects of money, including: • The various forms money has taken throughout history • Why gold has long been a favored form of money • The role money plays in the economy—theoretically, in practice, and in policy • How you can use the lessons learned in the past to understand how we have gone from battling stagflation to trying to stave off deflation • Recognizing the shifting functions of money in the evolution of macroeconomic theory and the different forms of currency regimes Using Ricchiuto’s vast experience and acumen, you, too, can become an authority on the role of money in our world, and how it ultimately impacts your life and the overall economy.
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