A Crash Course on Crises Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries

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  • Engels
  • Hardcover
  • 9780691221106
  • 06 juni 2023
  • 136 pagina's
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An incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alike

With alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them.

Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent.

With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.

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Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
06 juni 2023
Aantal pagina's
136
Illustraties
Met illustraties

Betrokkenen

Tweede Auteur
Ricardo Reis
Hoofduitgeverij
Princeton University Press

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Product breedte
156 mm
Product lengte
235 mm
Studieboek
Nee
Verpakking breedte
156 mm
Verpakking hoogte
235 mm
Verpakking lengte
235 mm
Verpakkingsgewicht
408 g

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EAN
9780691221106

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