Macroeconomics: Institutions, Instability, and the Financial System

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Macroeconomics melding finance, stability, and policy.

As you're delving into the world of economic policy and financial systems, this book stands out by successfully integrating the modern monetary framework with the workings of the financial system, discussing how the two interplay, especially in times of crisis. The book acknowledges the shortcomings of traditional macroeconomic models and offers a comprehensive approach to understanding crucial aspects like the creation of money, the behavior of financial institutions, and the role of central banks. If you're aiming to grasp the complexities of macroeconomics and the financial sector, particularly with an eye towards financial crises and policy responses, this text is a splendid springboard that will equip you with both the theoretical understanding and practical tools via its online resource center.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Macroeconomics: Institutions, Instability, and the Financial System

Regular price $8.90
Unit price
per
Compare to estimated retail price: S$145.64  
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ISBN: 9780199655793
Date of Publication: 2014-12-18
Format: Paperback
Related Collections: Economics, Business
Related Topics: Sociology, Money, Technology, Society, Finance
Goodreads rating: 4.05
(rated by 22 readers)

Description

Institutions, Instability, and the Financial System integrates the modern monetary framework--based on the 3-equation model of the demand side, the supply side, and the policy maker--with a model of the financial system. The authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone crisis. The text guides the reader through the three principal steps required to integrate the financial system within the macroeconomic model. Every chapter emphasizes how the different actors in the economy behave and what they are trying to achieve and what limits their ability to put their intentions into practice. This is extended to the modelling of growth, where the role of innovation rents in the Schumpeterian model is highlighted. It is essential that students understand previous periods of growth, stability, and crisis in preparing for future shocks. With this in mind, the book enables the reader to interpret long run historical data and to compare institutional detail in different eras and across the world. Macroeconomics not only develops the critical thinking skills required for academic success, but ensures that students can analyze data, trends, and policy debates with the confidence necessary for a career in economics or finance. It is essential reading for all those interested in learning more about the current macroeconomic system and the role of financial institutions.
 

Macroeconomics melding finance, stability, and policy.

As you're delving into the world of economic policy and financial systems, this book stands out by successfully integrating the modern monetary framework with the workings of the financial system, discussing how the two interplay, especially in times of crisis. The book acknowledges the shortcomings of traditional macroeconomic models and offers a comprehensive approach to understanding crucial aspects like the creation of money, the behavior of financial institutions, and the role of central banks. If you're aiming to grasp the complexities of macroeconomics and the financial sector, particularly with an eye towards financial crises and policy responses, this text is a splendid springboard that will equip you with both the theoretical understanding and practical tools via its online resource center.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.