A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries

Brunnermeier, Markus K.,Reis, Ricardo

ISBN 10: 0691221103 / ISBN 13: 9780691221106

Verlag: Princeton University Press, 2023

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Inhaltsangabe:

An incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alike

With alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them.

Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent.

With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.

Über die Autorin bzw. den Autor: Markus K. Brunnermeier and Ricardo Reis

Bibliografische Details

Titel: A Crash Course on Crises: Macroeconomic ...
Verlag: Princeton University Press
Erscheinungsdatum: 2023
Einband: hardcover
Zustand: Good