A Study in Monetary Macroeconomics
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The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. The same holds true for exceptionally low interest rates during the recent years and for the puzzle that super-expansive monetary policies failed to produce high inflation. Approaches that focus on steady states, rational expectations, and individuals planning over infinite horizons, are not suitable for analysing such abnormal situations. A...
Format:Hardcover
Language:English
ISBN:0198807538
ISBN13:9780198807537
Release Date:September 2017
Publisher:Oxford University Press, USA
Length:224 Pages
Weight:1.10 lbs.
Dimensions:0.9" x 6.1" x 9.3"
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