Bibliograph

Macroeconomic paradigms and economic policy, from the Great Depression to the Great Recession, Nicola Acocella, Sapienza University of Rome, Giovanni Di Bartolomeo, Sapienza University of Rome, Andrew Hughes Hallett, George Mason University, and University of St. Andrews

Type

Label

Macroeconomic paradigms and economic policy, from the Great Depression to the Great Recession, Nicola Acocella, Sapienza University of Rome, Giovanni Di Bartolomeo, Sapienza University of Rome, Andrew Hughes Hallett, George Mason University, and University of St. Andrews

Language

eng

Bibliography note

Includes bibliographical references (pages 297-319) and index

Index

index present

Literary Form

non fiction

Main title

Macroeconomic paradigms and economic policy

Nature of contents

bibliography

Responsibility statement

Nicola Acocella, Sapienza University of Rome, Giovanni Di Bartolomeo, Sapienza University of Rome, Andrew Hughes Hallett, George Mason University, and University of St. Andrews

Sub title

from the Great Depression to the Great Recession

Summary

"The recent financial crisis has demonstrated the dangers of ignoring the factors that led to previous crises, and the effectiveness of the policies designed to deal with them. Over time, these macroeconomic policies have evolved, oscillating between state intervention and a free-market approach. Following a story that runs from the pre-Great Depression era up until the Financial Crisis of 2007-11, this book reveals an intimate connection between new macroeconomic ideas and policies and the events in the real economy that inspired them. It does this in an accessible, easy-to-follow style, first by focusing on the developments of economic theories and policies, and then by concentrating on the design of domestic and international institutions and economic governance. Written by three leading experts on the history of economic policy, the book is ideal for graduates and undergraduates studying macroeconomics, monetary policy and the history of economic thought"--, Provided by publisher"A spiral of expected inflation and deflation. According to the first view, the crisis was mostly triggered by an exogenous fall in demand for goods and services (a leftward shift of the IS curve).This explanation is consistent with the evidence that shows a drop in both output and interest rates at the onset of the crisis - especially in 1931-1932"--, Provided by publisher

Classification