Front Cover; Book Title; Contents; Introduction -- Lee E. Ohanian and John B. Taylor; 1. Economic Strength and American Leadership -George P. Shultz; 2. Uncertainty Unbundled: The Metrics of Activism -Alan Greenspan; 3. Has Economic Policy Uncertainty Hamperedthe Recovery? -Scott R. Baker, Nicholas Bloom, and Steven J. Davis; 4. How the Financial Crisis Caused PersistentUnemployment -Robert E. Hall; 5. What the Government Purchases Multiplier ActuallyMultiplied in the 2009 Stimulus Package -John F. Cogan and John B. Taylor
6. The Great Recession and Delayed Economic Recovery:A Labor Productivity Puzzle? -Ellen R. McGrattan and Edward C. Prescott7. Why the U.S. Economy Has Failed to Recover and What Policies Will Promote Growth -Kyle F. Herkenhoff and Lee E. Ohanian; 8. Restoring Sound Economic Policy: Three Views -Alan Greenspan, George P. Shultz, and John H. Cochrane; 9. Summary of the Commentary -Ian J. Wright; About the Authors; About the Hoover Institution's Working Group onEconomic Policy; Index
Summary
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 to restore prosperity in America
