The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-9 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it ...
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The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-9 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets.
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Add this copy of Financial Assets, Debt and Liquidity Crises: a to cart. $29.87, like new condition, Sold by Prior Books rated 5.0 out of 5 stars, ships from Cheltenham, GLOUCESTERSHIRE, UNITED KINGDOM, published 2015 by Cambridge University Press.
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Like New. Size: 8x0x9; In nearly new condition: bright, crisp and clean with no creases, strong joints and sharp corners. Looks and feels unread. Just a small publisher 'damaged' stamp at the prelims. Nonetheless not showing any defects. Thus a very nice copy, firm, square and tight, now offered for sale at a very reasonable price.
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Add this copy of Financial Assets, Debt and Liquidity Crises to cart. $103.24, good condition, Sold by Books International rated 3.0 out of 5 stars, ships from Toronto, ON, CANADA, published 2011 by Cambridge University Press.
