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Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this...
Persistent link: https://www.econbiz.de/10014474017
This important new book enhances our understanding of the dynamic interactions between economic activity, economic growth, pollution abatement and environmental policy. It addresses one main policy problem: how can the direct and indirect costs of environmental policy for multiple pollutants be...
Persistent link: https://www.econbiz.de/10014474004
Exposed to powerful new economic forces, and undergoing dramatic ownership reforms and technological changes, China's industries are modernizing at a breakneck pace. In many industries, the outcomes have been chaotic and poorly aligned with societal objectives. This book analyses the...
Persistent link: https://www.econbiz.de/10014474008
explanations of stock price fluctuations. They examine in detail the mainstream neo-classical theory with its emphasis on the …
Persistent link: https://www.econbiz.de/10014473973
deflation -- 6. John maynard keynes's financial theory of under-investment i: Towards doubt -- 7. John maynard keynes …'s financial theory of under-investment ii: Towards uncertainty -- Part III: Critical theories of finance in the twentieth century …-steindl theory of financial fragility -- Part IV: Critical theories of finance in the twentieth century: The financial instability …
Persistent link: https://www.econbiz.de/10012294240
During his lifetime Hyman Minsky made a seminal contribution to the development of financial Keynesianism. In this book, leading academics celebrate his work and explore his economic legacy. Special attention is paid to his work on contemporary economic method, the Great Depression, the European...
Persistent link: https://www.econbiz.de/10011851430
In the past thirty years the financial sector has seen unparalleled growth and has exerted increased economic and political influence and significance. This growth has come hand-in-hand with several serious economic crises and greater monetary instability. Set against this background, this...
Persistent link: https://www.econbiz.de/10011851992
, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J ….M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and … United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford …
Persistent link: https://www.econbiz.de/10011852162
The achievement of financial stability is one of the most pressing issues today. This timely and innovative book provides an analytical framework to assess financial (in)stability as an equilibrium phenomenon compatible with the orderly functioning of a modern market economy. The authors...
Persistent link: https://www.econbiz.de/10014474044
This book aims to integrate the notions of contagion in epidemiology and contagion in financial market crises to discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the contagious spill-over of recent financial market crises and...
Persistent link: https://www.econbiz.de/10014474085