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The Fall and Rise of Keynesian Economics$
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John Eatwell and Murray Milgate

Print publication date: 2011

Print ISBN-13: 9780199777693

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199777693.001.0001

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Can Barack Obama Do It?

Can Barack Obama Do It?

Chapter:
(p.59) 4 Can Barack Obama Do It?
Source:
The Fall and Rise of Keynesian Economics
Author(s):

John Eatwell

Murray Milgate

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780199777693.003.0004

This chapter outlines the capabilities of President Barack Obama in achieving the promises he delivered in his 2009 Inaugural Address of creating new jobs and laying a new foundation for economic growth. It focuses on the Obama administration’s efforts to undo the mistakes of the past; find the appropriate fiscal and monetary policies to combat recession and ensure recovery; and design a regulatory framework within which systemic risk could be managed and minimized. The chapter concludes with a discussion of the rescue, recovery, and reform measures that are essential in securing a coordinated international response to financial crisis and recession.

Keywords:   Barack Obama, economic growth, Obama administration, monetary policies, recession, regulatory framework, financial crisis

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