John B Taylor

In this concise volume, leading economist John B. Taylor offers empirical research to explain what caused the current financial crisis, what prolonged it, and what dramatically worsened it more than a year after it began. The evidence he presents strongly suggests that specific government actions and interventions are largely to blame and that any future government interventions must be based on a clearly stated diagnosis of the problem and a rationale...

The last 12 books of the Old Testament -- Hosea, Joel, Amos, Obadiah, Jonah, Micah, Nahum, Habakkuk, Zephaniah, Haggai, Zechariah, and Malachi – are "minor" only in the sense that they are short, not that they are unimportant. For instance, a sentence in Habakkuk – "the just shall live by his faith" – became a foundation of the Protestant Reformation. Jonah is a striking picture of God's giving a person a second chance. And Micah states most...

Offers a solution for reconstructing the economic foundation using the country's founding principles of economic and political freedom.

This book introduces and analyzes a new and more predictable bankruptcy process designed specifically for large financial institutions-Chapter 14-to achieve greater financial stability and reduce the likelihood of bailouts. The contributors identify and compare the major differences in the Dodd-Frank Title II and the proposed new procedures and outline the reasons why Chapter 14 would be more effective in preventing both financial crises and bailouts....

This book examines the reasons for the unprecedented weak recovery following the recent US recession and explores the possibility that government economic policy is the problem. Drawing on empirical research that looks at issues from policy uncertainty to increased regulation, the volume offers a broad-based assessment of how government policies are slowing economic growth and provides a framework for understanding how those policies should change...