A Study in Monetary Macroeconomics

by Stefan Homburg

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"