本论文创新点 | 第1-10页 |
Abstract | 第10-13页 |
中文摘要 | 第13-15页 |
Part Ⅰ: Introduction | 第15-27页 |
1. Background and Motivation of My Research | 第15页 |
2. The International and Domestic Research Status | 第15-16页 |
3. The Objective and Method of My Research | 第16页 |
4. The Background of the Topic | 第16-22页 |
5. 2007-2013 Great Recession | 第22-23页 |
6. Moral Hazard on the Part of the Lender and the Borrower | 第23-24页 |
7. The Crisis Itself | 第24-27页 |
Part Ⅱ: Literature Review | 第27-52页 |
1. Structural Reform | 第40页 |
2. Fiscal Policy | 第40-41页 |
3. Monetary Policy | 第41-42页 |
4. Loose Translation of the Stimulus Plan of 2009 | 第42-43页 |
5. Complaint 1 Predicting the Crisis | 第43页 |
6. Complaint 2 Understanding the Possibility of Crisis | 第43-44页 |
7. Complaint 3 Failure to React to the Crisis | 第44-48页 |
8. John Cochrane:Inflation and Debt | 第48-50页 |
9. Conclusion: | 第50-52页 |
Part Ⅲ: Stimulus Plans | 第52-61页 |
1. Emergency Economic Stabilization Act of 2008 (TARP) | 第52-54页 |
2. Quantitative Easing (QE1) 2008 | 第54-55页 |
3. The American Recovery and Reinvestment Act of 2009 (ARRA) | 第55-56页 |
4. Quantitative Easing (QE2) 2010 | 第56页 |
5. Operation Twist (OT) 2011 | 第56-57页 |
6. Operation Twist 2 (OT2) 2012 | 第57-58页 |
7. Quantitative Easing 3 (QE3) 2012 | 第58-59页 |
8. Quantitative Easing 4 (QE4) 2012 | 第59-61页 |
Part Ⅳ: Effects of the Stimuli | 第61-102页 |
1. A Massive Increase in the National Debt | 第61-62页 |
2. Stimulus Money Not Distributed to Private Sector | 第62页 |
3. Wasteful Spending of Stimulus Money | 第62-69页 |
·Nuclear Cleanup | 第63-64页 |
·Weatherizing Modest-Income Homes | 第64-66页 |
·Car Battery Systems and Components | 第66-67页 |
·Car Allowance Rebate System | 第67-69页 |
4. Increased College Enrollment | 第69-75页 |
·Rising Costs of Higher Education | 第70-72页 |
·High Student Debt Lowers Living Standards and Quality of Life | 第72-73页 |
·Disgruntled Citizen Response | 第73-74页 |
·Negtive Shift in American Work Ethic | 第74-75页 |
·The Student Loan Crisis Affects Other Nations' Debt Safety | 第75页 |
5. Increasing Social Welfare Requests, Rising Unemployment and Budget Crises | 第75-81页 |
·Increasing Social Welfare Requests | 第75-77页 |
·Rising Unemployment | 第77-78页 |
·Unemployment Benefits Create Incentive Not to Work | 第78-80页 |
·California Budget Crisis | 第80-81页 |
6. World's Highest Corporate Tax Rate | 第81-83页 |
7. Offshoring of Jobs and its Consequences | 第83-84页 |
8. The Adverse Consequences Associated with More Retention of Overseas Assets | 第84-87页 |
·More Retention of Overseas Assets by U.S. Corporations | 第84页 |
·2004 Tax Repatriation Holiday | 第84-86页 |
·Proposed Second Tax Repatriation Holiday | 第86页 |
·Instead of a Tax Repatriation Holiday Abolish Repatriation Taxes | 第86-87页 |
·Rid the Special Corporate Tax Breaks and Charge 10% on Foreign Earned Income | 第87页 |
9. Affect on Small Business Loans | 第87-88页 |
10. Foreign Governments Motivate U.S. Fiscal Behavior | 第88-96页 |
·The Hoarding of Dollars by Foreign Central Banks | 第88-92页 |
·Effects of the U.S. Dollar Being Hoarded by Foreign Nations | 第92-96页 |
11. Monetization of the Debt | 第96-97页 |
12. Creation of the Second Housing Bubble | 第97-102页 |
Part Ⅴ: Suggested Solutions for an Improved American Economy | 第102-119页 |
1. Make America More Globally Competitive by Lowering the Corporate Tax Rate | 第102-107页 |
·Singapore | 第102-103页 |
·Hong Kong | 第103-104页 |
·Taiwan | 第104页 |
·Mainland China | 第104-105页 |
·Japan | 第105-106页 |
·United States | 第106-107页 |
2. Curtail Benefits of Public Sector Workers | 第107-108页 |
3. Limit Government Involvement in Free-Market Activities | 第108-113页 |
·Limit or Eliminate the Government's Role in the Automobile Sector | 第108-109页 |
·Eliminate Corporate Welfare | 第109-111页 |
·Limit or Eliminate the Government's Role in Healthcare | 第111-113页 |
4. Simultaneously Lower the Income Tax Rate While Eliminating Social Programs | 第113-115页 |
·Reform Welfare | 第113-115页 |
·Lower Income Taxes | 第115页 |
5. Create Incentive to Repatriate Retained Earnings from Corporations Abroad | 第115-116页 |
6. Solutions to the Student Loan Crisis | 第116-119页 |
·Limit Government Involvement in Student Loans | 第116-117页 |
·Allow an Escape from Student Loan Debt | 第117-119页 |
Part Ⅵ: Most Probable Scenarios for Economic Collapse | 第119-130页 |
1. U.S. Internal Strategic Default | 第119-127页 |
·Elected Officials Lack the Power to Change Existing Economic Policies | 第119-120页 |
·The Cost of Being Elected | 第120页 |
·Welfare System's Consequenses | 第120-121页 |
·Hyperinflation | 第121-122页 |
·Increased Scale of Debt Monetization Via QE3 and QE4 | 第122-123页 |
·Go over the Fiscal Cliff | 第123-124页 |
·Not Raising the Debt Ceiling and Default | 第124-127页 |
2. U.S. External Default | 第127-130页 |
·Foreign Lending Stops and the Dollar Collapses from External Selling Pressure | 第127-128页 |
·Threat from Japan | 第128-130页 |
Part Ⅶ: Conclusion | 第130-132页 |
References | 第132-139页 |
Author's Publication | 第139-140页 |
Acknowledgements | 第140页 |