Zero Interest Policy and the New Abnormal - Beenstock, Michael
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This book is the first comprehensive critique of the widespread and dominant political economy in which central banks set interest rates to zero and engage in unorthodox monetary policy (quantitative easing) while ministries of finance run large budget deficits and accumulate debt.

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Produktbeschreibung
This book is the first comprehensive critique of the widespread and dominant political economy in which central banks set interest rates to zero and engage in unorthodox monetary policy (quantitative easing) while ministries of finance run large budget deficits and accumulate debt.
Autorenporträt
Michael Beenstock studied at the London School of Economics from which he obtained his Phd degree in open economy macroeconomics in 1976. After working at H.M. Treasury and the World Bank he joined the faculty of the London Business School and then the Cass Business School (City University, London). In 1987 he emigrated to Israel where he was appointed Professor of Economics at the Hebrew University of Jerusalem. He currently teaches time series and network econometrics to graduate students. He has published eleven books including Neoclassical Theory of Macroeconomic Policy (Cambridge University Press, 1980), Heredity, Family and Inequality (MIT Press, 2012) and The Econometric Analysis of Nonstationary Spatial Panel Data (Springer, 2019 with D. Felsenstein). He has also published over 150 refereed journal articles including on such topics as psychology, climate science and epidemiology.