TY  - BOOK
AU  - Gorton, Gary B. 
AU  - Ordonez, Guillermo L. 
TI  - Macroeconomics & financial crises: Bound together by information dynamics 
SN  - 9780691227016
PY  - 2023///
CY  - Princeton
PB  - Princeton University Press 
N2  - There are no bigger disruptions in the functioning of economies than financial crises. Yet prior to the crash of 2007–2008, macroeconomics incorporated financial crises simply as bad shocks, like earthquakes, failing to consider them as an intrinsic phenomenon of the evolution of macroeconomic variables, such as credit, investment, and productivity. Macroeconomics and Financial Crises rethinks how technological change, credit booms, and endogenous information production combine to generate financial crises as inherent and recurrent reactions to macroeconomic dynamics
ER  -