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UPC 9780192534552 A Study in Monetary Macroeconomics  

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ISBN 9780192534552 - A Study in Monetary Macroeconomics

ISBN 9780192534552
A Study in Monetary Macroeconomics

   Barcode ISBN 9780192534552

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Description 9780192534552
The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. The same holds true for exceptionally low interest rates during the recent years and for the puzzle that super-expansive monetary policies failed to produce high inflation. Approaches that focus on steady states, rational expectations, and individuals planning over infinite horizons, are not suitable for analysing such abnormal situations. A Study in Monetary Macroeconomics refines and improves mainstream approaches to resolve these puzzles and to contribute to a better understanding of monetary and fiscal policies. Using a rich institutional structure that includes features such as cr 9780192534552
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9 780192 534552
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New Link Scanned 9780192534552
2018-12-15 11:19:29

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