書名 Financial assets, debt, and liquidity crises : a Keynesian approach / Matthieu Charpe... [et al.]
出版項 Cambridge ; New York : Cambridge University Press, 2011
國際標準書號 9781107004931 (hbk.)
book jacket
館藏地 索書號 處理狀態 OPAC 訊息 條碼
 人社中心  HB172.5 F516 2011    在架上    30560400605918
 經濟所圖書館  HB172.5 F516 2011    在架上    30510100318031
說明 xxiv, 432 p. : ill. ; 26 cm
附註 "The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets"--Provided by publisher
Includes bibliographical references and index
Machine generated contents note: List of figures; List of tables; Notation; Preface; 1. Financial crises and the macroeconomy; Part I. The Nonlinear Dynamics of Credit and Debt Default: 2. Currency crises, credit crunches and large output loss; 3. Mortgage loans, debt default and the emergence of banking crises; 4. Debt deflation and the descent into economic depression; Part II. Theoretical Foundations for Structural Macroeconometric Model Building: 5. Keynesian macroeconometric model building: a point of departure; 6. Intensive form and steady state calculations; 7. Partial feedback structures and stability issues; Part III. Debt Crises: Firms, Banks and the Housing Markets: 8. Debt deflation: from low- to high-order macrosystems; 9. Debt default, bankruptcy of firms, and banks' performances; 10. Japan's institutional configuration and its financial crisis; 11. Housing investment cycles, workers' debt and debt default; Bibliography
主題 Macroeconomics
Business cycles
Financial crises
Keynesian economics
Alt Author Charpe, Matthieu