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010 _a 2022482603
020 _a0735243905
020 _a9780735243903
_q(hardcover)
035 _a23244833
035 _a(OCoLC)1253629945
040 _aNLC
_beng
_erda
_cNLC
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050 0 0 _aHB3711
_b.P7445 2022
055 0 0 _aHB3711
_b.P65 2022
082 0 _a338.5/42
_223
084 _acci1icc
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100 1 _aPoloz, Stephen S.,
_eauthor.
245 1 4 _aThe next age of uncertainty :
_bhow the world can adapt to a riskier future /
_cStephen Poloz.
264 1 _a[Toronto, Ontario] :
_bAllen Lane,
_c2022.
264 4 _c©2022
300 _a253 pages ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages 252-253)
520 _a"The accessible roadmap to navigating an unpredictable economic earthquake. People are worried about their financial future. The workforce is aging, meaning slower economic growth. Debt is going through the roof, both public and private. Automation and technological revolution are putting people out of work, leading to ever-growing inequality and social breakdown. Add the existential threat of climate change to the list of economic stresses. Then pile on a global pandemic that has cost the global economy trillions. It's not surprising that people are worried. Crises don't unfold because of just one of these factors happening in isolation. Former Governor of the Bank of Canada, Stephen Poloz, calls these factors "tectonic" stresses. As he demonstrates, using examples from previous cycles of boom and bust, major crises occur when several forces converge, like tectonic plates. When the built-up energy is released, the result is an economic crisis. Whether we are barreling towards another financial crisis depends on how the current stresses are handled. Slow growth can be a good thing, as it means low interest rates, and could lead to more home ownership. Our panic about debt, Poloz argues, is a holdover from the financial conditions of the 1930s. Technological change can mean disruption and inequality--but can also lead to greater prosperity for all in the long term, something we can accelerate with good policy. And while responding to climate change will be expensive and difficult, it can also lead to better policies around investment and employment, to say nothing of technological advance. Using examples from the last 150 years of economic history, Stephen Poloz explains ideas sophisticated enough for institutional investors and policymakers in language accessible enough for general readers who are just worried about renewing their mortgages in a climate of fluctuating interest rates. Highly readable and from an acclaimed economist, The Next Age of Uncertainty will be an indispensable guide to the turbulent decades ahead."--
_cProvided by publisher.
530 _aIssued also in electronic format.
650 0 _aBusiness cycles.
650 0 _aEconomic history.
650 0 _aFinancial crises.
650 0 _aInvestments.
650 0 _aUncertainty.
650 6 _aCrises financières.
_0(CaQQLa)201-0265434
650 6 _aCycles économiques.
_0(CaQQLa)201-0017265
650 6 _aHistoire économique.
_0(CaQQLa)201-0006116
650 6 _aIncertitude.
_0(CaQQLa)201-0031721
650 6 _aInvestissements.
_0(CaQQLa)201-0004448
650 7 _aBusiness cycles.
_2fast
_0(OCoLC)fst00842457
650 7 _aEconomic history.
_2fast
_0(OCoLC)fst00901974
650 7 _aFinancial crises.
_2fast
_0(OCoLC)fst00924607
650 7 _aInvestments.
_2fast
_0(OCoLC)fst00978234
650 7 _aportfolios (financial records)
_2aat
_0(CStmoGRI)aat300027563
650 7 _aUncertainty.
_2fast
_0(OCoLC)fst01160832
776 0 8 _iOnline version:
_aPoloz, Stephen S.
_tNext age of uncertainty.
_dToronto : Allen Lane Canada, 2022
_z0735243913
_z9780735243910
_w(OCoLC)1253630132
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