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The Macroeconomic Crisis (La Crisi della Macroeconomia)

Cozzi, Terenzio - 2012

stable equilibrium in combination with rational expectations allow the conclusion that a built-in process of quick self … equilibrium and of strong disequilibrium. Hence the paper ends with the proposal to utilize a number of sub-models each one of …

Persistent link: https://www.econbiz.de/10013114759

Short-run macro after the crisis : the end of the "new" neoclassical synthesis?

Landmann, Oliver - 2014 - Rev.

The Financial Crisis of 2008, and the Great Recession in its wake, have shaken up macroeconomics. The paradigm of the "New" Neoclassical Synthesis, which seemed to provide a robust framework of analysis for short-run macro not long ago, fails to capture key elements of the recent crisis. This...

Persistent link: https://www.econbiz.de/10010242840

Macroeconomie in Crisi E Macroeconomie in Ripresa (Macroeconomics in Crisis and Macroeconomics in Recovery) (in Italian)

Roncaglia, Alessandro - 2011

The financial and economic crisis brings to a reconsideration of macroeconomics: as it happened in the past, after the Great Crash of 1929 as well as after the Second World War and after the collapse of the Bretton Woods system in 1971 and the subsequent oil crisis. A brief critical survey of...

Persistent link: https://www.econbiz.de/10013120079

Theories of finance and financial crisis : lessons for the Great Recession

Dodig, Nina; Herr, Hansjörg - 2015

This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which...

Persistent link: https://www.econbiz.de/10010491508

The monetary economy and the economic crisis

Laidler, David E. W. - 2011 - Revised, January 2011

Persistent link: https://www.econbiz.de/10011708307

The monetary economy and the economic crisis

Laidler, David E. W. - 2010

The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium … trading at "false" prices, a phenomenon ruled out by assumption in dynamic general equilibrium models. Not only Keynes … thought of as relying on this factor. -- Crises ; money ; monetary economy ; general equilibrium ; cycles ; sticky prices …

Persistent link: https://www.econbiz.de/10008655700

The Monetary Economy and the Economic Crisis

Laidler, David E. W. - 2011

Persistent link: https://www.econbiz.de/10013130277

Theories of Financial Crises

Detzer, Daniel; Herr, Hansjorg - Financialisation, Economy, Society & Sustainable … - 2014

This paper analyses financial crises from a theoretical point of view. For this it reviews what different schools of economic thought have to say about financial crises. It examines first the approaches that regard financial crises as a disturbing factor of a generally stable real economy...

Persistent link: https://www.econbiz.de/10010759992

Toward a unified framework of credit creation

Becke, Susanne von der; Sornette, Didier - 2014

We identify the origin of the contradicting perspectives on credit creation offered by Austrian, Mainstream and Post Keynesian economists as the neglect of the primacy of such assets as goods, properties and securities, which always pre-exist any transaction and loan. We develop a unified...

Persistent link: https://www.econbiz.de/10010337985

Orthodox versus heterodox (Minskyan) perspectivesof financial crises : explosion in the 1990s versus implosion in the 2000s

Muñoz, Jesús - 2011

Orthodox and heterodox theories of financial crises are hereby compared from a theoretical viewpoint, with emphasis on their genesis. The former view (represented by the fourthgeneration models of Paul Krugman) reflects the neoclassical vision whereby turbulence is an exception; the latter...

Persistent link: https://www.econbiz.de/10009380295

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