Financial Assets, Debt and Liquidity Crises: A Keynesian Approach - Couverture rigide

Charpe, Matthieu; Chiarella, Carl; Flaschel, Peter; Semmler, Willi

Couverture rigide

ISBN 10 : 1107004934 ISBN 13 : 9781107004931

Editeur : Cambridge University Press, 2011

Synopsis

Book by Charpe Matthieu Chiarella Carl Flaschel Peter Semm

A propos du livre

Présentation de l'éditeur :

The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007–9 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets.

Biographie de l'auteur :

Matthieu Charpe works as an economist for the International Institute for Labour Studies at the International Labour Organization in Geneva.

À propos de cette édition

• Éditeur: Cambridge University Press
• Date d'édition: 2011
• ISBN 10: 1107004934
• ISBN 13: 9781107004931
• Reliure: Relié
• Nombre de pages: 456