Economic policy.

Summary The back cover states: "The crises have profoundly transformed economic policy. The financial storm of 2008, the Great Recession that followed, the woes of the Eurozone, the very low level of inflation, the slowdown in growth, the rise in public debt and the increase in inequality have shaken past certainties and call for new answers. Forgotten chapters of economic theory have been revisited and new instruments have been put in place. The questions that arise are more pressing than ever. Under what circumstances is fiscal policy effective in fighting a recession? What are the limits of public debt? What can monetary policy do when inflation is close to zero? How can finance be controlled? Which policies should be pursued together, and which separately? How to tax capital? How to stimulate employment? How to change the quality of growth? Because it brings together, in a single volume, the main theoretical teachings and the analysis of current debates, Politique économique has been the reference for understanding today's economic policies for over ten years. This fourth edition has been completely revised to take into account the latest developments and debates on economic policy. In particular, it includes a new chapter on financial instability and policy responses.