An examination of Liquidity Crunch in triggering and characterizing financial crises.
Since the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurity. In parallel, the profession has witnessed phenomena that are alien to mainstream macroeconomic models. Financial crises are systemic, occurring simultaneously in different economies. In this book, Guillermo Calvo focuses on liquidity factors as a commonality in financial crises. Specifically, he examines the role of "liquidity crunch" in triggering crises. He also identifies a fundamental (but overlooked) idea in Keynes's General Theory, termed by Calvo the price theory of money, to rationalize the resiliency of the U.S. dollar when other dollar-backed assets suffered a devastating liquidity crunch.
Calvo shows that a sharp focus on liquidity reveals some characteristics of liquid assets that are easy to miss otherwise. He argues for liquidity's centrality, presenting what he calls the Liquidity Approach. He shows that simple extensions of standard monetary models help rationalize the implications of the liquidity crunch, and then examines slightly more technical models that highlight liquidity issues. He explores the empirical effects of liquidity crunch by studying systemic sudden stops (of capital inflows), presuming that they are triggered by liquidity crunch-type phenomena.
Автор: Mankiw N. Gregory Название: Macroeconomics 9th Revised edition ISBN: 1464182892 ISBN-13(EAN): 9781464182891 Издательство: Amazon Internet Рейтинг: Цена: 270600.00 T Наличие на складе: Невозможна поставка. Описание: An exceptionally clear and concise introduction to macroeconomics.
Автор: Feenstra Robert C Название: International Macroeconomics ISBN: 1429278439 ISBN-13(EAN): 9781429278430 Издательство: Springer Рейтинг: Цена: 65210.00 T Наличие на складе: Поставка под заказ. Описание: Feenstra/Taylor offers the right amount of book for your course. International Macroeconomics is available as a separate volume for the international finance module. The text seamlessly integrates established core content with topic areas and ideas that have emerged from recent empirical studies.
Автор: Romer David Название: Advanced Macroeconomics 4 edition ISBN: 0073511374 ISBN-13(EAN): 9780073511375 Издательство: McGraw-Hill Рейтинг: Цена: 74350.00 T Наличие на складе: Невозможна поставка. Описание: David Romer`s Advanced Macroeconomics, 4e, continues its tradition as the standard text and the starting point for graduate macroeconomic courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. This well-respected and well-known text is unique in the marketplace.
Автор: Hoover Название: Applied Intermediate Macroeconomics ISBN: 1107436826 ISBN-13(EAN): 9781107436824 Издательство: Cambridge Academ Рейтинг: Цена: 49630.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This textbook offers a complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy. The text is unique in developing a detailed toolkit of elementary statistics and graphical techniques for economic data.
Автор: Hoover Название: Applied Intermediate Macroeconomics ISBN: 0521763886 ISBN-13(EAN): 9780521763882 Издательство: Cambridge Academ Рейтинг: Цена: 66530.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This textbook offers a complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy. The text is unique in developing a detailed toolkit of elementary statistics and graphical techniques for economic data.
Автор: Frydman Roman, Phelps Edmund S. Название: Rethinking Expectations: The Way Forward for Macroeconomics ISBN: 0691155232 ISBN-13(EAN): 9780691155234 Издательство: Wiley Рейтинг: Цена: 61250.00 T Наличие на складе: Поставка под заказ. Описание: This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark "Phelps volume," Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic analysis. However, in their provocative introductory essay, Roma
Автор: Heijdra, Ben J. (Research Professor, University of Название: The Foundations of Modern Macroeconomics ISBN: 0198776179 ISBN-13(EAN): 9780198776178 Издательство: Oxford Academ Цена: 31670.00 T Наличие на складе: Поставка под заказ. Описание: This text summarizes approaches to macroeconomics, and gives the student a coherent angle on all aspects of macroeconomic thought. Each frame deals with a separate area with a summary of key points, further reading, and exercises. A final chapter summarizes the main strands.
Автор: Blanchard, Olivier Jean Fischer, Stanley Название: Lectures on macroeconomics ISBN: 0262022834 ISBN-13(EAN): 9780262022835 Издательство: MIT Press Рейтинг: Цена: 112860.00 T Наличие на складе: Нет в наличии. Описание:
The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices.
Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today.The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations.
Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of nominal rigidities; competitive equilibrium business cycles, nominal rigidities and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroeconomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of economic policy, monetary policy, fiscal policy, and dynamic inconsistency.
Written as a text for graduate students with some background in macroeconomics, statistics, and econometrics, Lectures on Macroeconomics also presents topics in a self contained way that makes it a suitable reference for professional economists.
Автор: JONATHAN A. PARKER Название: NBER MACROECONOMICS ANNUAL 2013 ISBN: 022616540X ISBN-13(EAN): 9780226165400 Издательство: Wiley Рейтинг: Цена: 66530.00 T Наличие на складе: Поставка под заказ. Описание: Includes two papers that tackle fiscal and monetary policy, asking how interest rates and inflation can remain low despite fiscal policy behavior that appears inconsistent with a monetary policy regime focused only on inflation and output and not on fiscal balances.
Автор: Carlin, Wendy; Soskice, David Название: Macroeconomics: Institutions, Instability and the Financial System ISBN: 0199655790 ISBN-13(EAN): 9780199655793 Издательство: Oxford Academ Рейтинг: Цена: 82360.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Carlin and Soskice integrate the financial system with a model of the macro-economy. In doing this, they take account of the gaps in the mainstream model exposed by the financial crisis and the Eurozone crisis. This equips the reader with a realistic modelling framework to analyse the economy both in crisis times and in periods of stability.
Автор: De Vroey Название: A History of Macroeconomics from Keynes to Lucas and Beyond ISBN: 0521898439 ISBN-13(EAN): 9780521898430 Издательство: Cambridge Academ Рейтинг: Цена: 134110.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book retraces the history of macroeconomics from Keynes`s General Theory to the present, especially the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era. It also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics.
Казахстан, 010000 г. Астана, проспект Туран 43/5, НП2 (офис 2) ТОО "Логобук" Тел:+7 707 857-29-98 ,+7(7172) 65-23-70 www.logobook.kz
