Cover: Law and Macroeconomics: Legal Remedies to Recessions, from Harvard University PressCover: Law and Macroeconomics in HARDCOVER

Law and Macroeconomics

Legal Remedies to Recessions

  • Introduction
  • I. Law, Fiscal Policy, and Monetary Policy
    • 1. Macroeconomics outside of a Liquidity Trap
    • 2. Law and Fiscal Policy When Interest Rates Are Well above Zero
    • 3. Law and Monetary Policy When Interest Rates Are Well above Zero
    • 4. The Painful Costs of Prolonged Recessions: Evidence and Theory
    • 5. Law, Monetary Policy, and Fiscal Policy in a Liquidity Trap
    • 6. Institutional Reform of Fiscal Policy
    • 7. Expansionary Fiscal Policy by Administrative Agencies
  • II. The Pros and Cons of Expansionary Legal Policy
    • 8. Expansionary Legal Policy: The Case of the Keystone Pipeline
    • 9. The Costs of Expansionary Legal Policy
    • 10. Law and Macroeconomics: Lessons from History
    • 11. Expansionary Legal Policy Options
  • Conclusion: Five Lessons of Law and Macroeconomics
  • Appendix
  • Notes
  • Acknowledgments
  • Index

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