Great Recession

Name: Great Recession
Brand: Cambridge University Press
SKU: 9781107459601
Price: 255.62 RON
Availability: InStock

Market Failure or Policy Failure?

Autor: Robert L. Hetzel

Limbă:

Legare: Carte broșată

Editura: Cambridge University Press

Disponibilitate: În depozitul extern

Expediem în 14-21 zile

255.62 lei

Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press...

Informații despre carte

Autor

Robert L. Hetzel

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2014

Pagini

400

EAN

9781107459601

ISBN

1107459605

Enbook ID

04768088

Editura

Cambridge University Press

Greutate

630

Dimensiuni

153 x 229 x 24

Descriere completă

Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations and the efficacy of the price system in assuring macroeconomic stability. The 2008-9 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the credit-cycle or asset-bubble explanations of recession that dominated thinking in the nineteenth century and the first half of the twentieth century. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation. The present book argues for the alternative 'monetary-disorder' view of recessions. A review of cyclical instability over the last two centuries places the 2008-2009 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in financial markets.

S-ar putea să te intereseze

Clienții care au cumpărat această carte au mai cumpărat și

Cele mai căutate

Categories

Authors

Publishers

Produse

Produse

Cele mai căutate

Categories

Authors

Publishers

Produse

Produse

Great Recession

Market Failure or Policy Failure?

Informații despre carte

Descriere completă

S-ar putea să te intereseze

Clienții care au cumpărat această carte au mai cumpărat și