Introduction -- Theories -- Optimal growth theory revisited -- Continuous-time modelling -- Demand factors and GDP growth -- Lamp & banks balance sheet constraints -- Secular stagnation -- Policies -- Public finance and inflation -- Government budget constraints -- Productivity as an...

"Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises. The book explores eight of these different explanations: under-consumption, debt accumulation,...