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OverviewFor decades, economic policymakers have worshipped at the altar of combating inflation, reducing public deficits, and discouraging risky behavior by investors. That mindset made them hesitate when the global financial crisis erupted in 2007–08. In the face of the worst economic disaster in 75 years, they often worried excessively about the risks and possible losses from their actions, rather than moving forcefully to support financial institutions, governments and people. Ángel Ubide's provocative thesis in The Paradox of Risk is that central banks' fear of inflation and risk taking has hampered their efforts to revive global prosperity. In their confusion, he argues, policymakers made the recovery weaker. He calls on world leaders to abandon old shibboleths and learn the lessons from the financial crisis and its sluggish aftermath. Ubide mobilizes a wealth of research on the experience from the last decade, urging policymakers to leave their ""comfort zone,"" embrace risk taking, and take bolder action to brighten the world's economic prospects. Full Product DetailsAuthor: Angel UbidePublisher: The Peterson Institute for International Economics Imprint: The Peterson Institute for International Economics Volume: 108 Dimensions: Width: 16.30cm , Height: 2.10cm , Length: 23.10cm Weight: 0.552kg ISBN: 9780881327199ISBN 10: 0881327190 Pages: 170 Publication Date: 07 September 2017 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Language: English Table of ContentsReviewsAuthor InformationAngel Ubide is a managing director at Goldman Sachs and former senior fellow at the Peterson Institute for International Economics. Tab Content 6Author Website:Countries AvailableAll regions |
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