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Author Mahmud, Syed F., author.

Title Money matters : some puzzles, anomalies and crises in the standard macroeconomic model / Syed F. Mahmud, Kaoru Yamaguchi, Murat A. Yülek.

Publication Info. Frankfurt am Main : PL Academic Research, [2017]


Location Call No. OPAC Message Status
 Axe 3rd Floor Stacks  339 M278m 2017    ---  Available
1 copy being processed for Axe Acquisitions Order.
Description 145 pages : illustrations ; 17 cm.
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
Series Zoom economy
Bibliography Includes bibliographical references (pages129-139) and index.
Contents Acknowledgments -- Preface -- Introduction -- The standard macroeconomic model (SMM) : a critical review -- Endogenous money, Minskian financial crises and balance sheet recession : resolving the puzzles of anomalies -- Two different faces of money creation -- References.
Summary 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. -- Provided by publisher.
Subject Macroeconomics.
Macroeconomics. (OCoLC)fst01005221
Added Author Yamaguchi, Kaoru, author.
Yülek, Murat Â., 1968- author.
ISBN 9783631721452 (Print ; alk. paper)
3631721455 (Print ; alk. paper)
9783631721469 (E-PDF)
9783631721476 (EPUB)
9783631721483 (MOBI)

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