Macroeconomics & financial crises: Bound together by information dynamics
Material type:
TextPublication details: Princeton Princeton University Press 2023Description: xvi, 192 p. Includes bibliographical reference and indexISBN: - 9780691227016
Textual
| Item type | Current library | Home library | Status | Barcode | |
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Textual
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Ratan Tata Library | Ratan Tata Library | Available | RT1528577 |
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.
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