Acknowledgements -- Introduction -- The practice of macroprudential policy -- Preliminaries -- The design of macroprudential policy -- The institutions of macroprudential policy -- The instruments of macroprudential policy -- The conduct of macroprudential policy -- The theory of macroprudential...

We consider a two-agent New Keynesian model with savers and hand-to-mouth households with quasi-separable utility functions as introduced by Bilbiie (2020a). This framework allows for separate parameterization of consumption-hours complementarity and income effects on labor supply. We examine...

Wirtschaftspolitiker verfolgen eine Vielzahl von kurz- und langfristigen Zielen, die einander ergänzen aber auch widersprechen können. Daher müssen wirtschaftspolitische Maßnahmen theoretisch begründet und zielorientiert gestaltet werden. In der vorliegenden Einführung in wichtige...

This textbook elucidates the complex interconnections between money, capital, and credit markets as well as the influence of exchange rate systems. The new edition discusses the impacts of freedom of movement for workers and current developments in the sovereign debt crisis.