Money Matters: Some Puzzles, Anomalies and Crises in the Standard Macroeconomic Model
Language: English
Published by Peter Lang GmbH, Internationaler, 2017
- Softcover
- Used
Seller: Books From California, Simi Valley, CA, U.S.A.Books From California
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- Title
- Money Matters: Some Puzzles, Anomalies and Crises in the Standard Macroeconomic Model
- Author
- Mahmud, Syed F.,Yamaguchi, Kaoru,Yülek, Murat
- Publisher
- Peter Lang GmbH, Internationaler
- Publication year
- 2017
- Condition
- Very Good
- Binding
- paperback
- Language
- English
- ISBN 10
- 3631721455
- ISBN 13
- 9783631721452
The 2007 financial crisis and the Great Recession have prompted a debate about the state of macroeconomics, and many orthodox economists have argued that macroeconomics has entered a Dark Age.
This book discusses the shortcomings of the standard macroeconomic model (SMM). The SMM failed to explain the real world and anticipate the global financial crises. The main reasons for this failure have been attributed to its inability to assign an active role of money and by the absence of appropriate modelling of financial markets.
The book also discusses how the SMM can be reformed to better account for the real world and policy prescriptions, such as the Chicago Plan, that can reduce the risks emanating from excessive money creation by banks.
"Synopsis" may belong to another edition of this title.
About the Author
Syed F. Mahmud is a professor of economics at Bilkent University. He holds a Ph.D. degree in economics from McMaster University (Canada). In recent years, his research has been primarily focused on banking and finance.
Kaoru Yamaguchi is Director at Japan Futures Research Center. He holds a Ph.D. degree in economics from the University of California, Berkeley.
Murat Yülek is a professor of economics at Istanbul Ticaret University and the Director of the Center for Industrial Policy and Development. He holds a Ph.D. degree in economics from Bilkent University and has published widely in the field of economic and financial development.
"About the title" may belong to another edition of this title.
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