Macroeconomics of growth cycles and financial instability
pt. 1. The background -- 1. Dynamics in the medium run -- 2. Financial instability -- 3. Macroeconomics, uncertainty and the fallacies of composition -- 4. Heterogeneity and the status of macroeconomics -- pt. 2. The markets -- 5. The nature of the labor market -- 6. The role of imperfect competitio...
Main Author: | |
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Format: | eBook |
Language: | English |
Published: |
Cheltenham
Edward Elgar
c2011
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Series: | New directions in modern economics
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Subjects: | |
Online Access: | |
Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
Summary: | pt. 1. The background -- 1. Dynamics in the medium run -- 2. Financial instability -- 3. Macroeconomics, uncertainty and the fallacies of composition -- 4. Heterogeneity and the status of macroeconomics -- pt. 2. The markets -- 5. The nature of the labor market -- 6. The role of imperfect competition -- 7. Policies versus self-adjustment -- pt. 3. Endogenous dynamics -- 8. A dynamic macro model -- 9. Uncertainty, expectations and learning -- 10. Inflation, deflation and the Phillips curve -- pt. 4. Growth cycles, income share and the financial instability hypothesis -- 11. A growth cycle model -- 12. The role of labor share -- 13. Towards a stochastic switching -- pt. 5. Concluding remarks -- 14. Lessons -- 15. The task ahead In light of the recent economic crisis and in keeping with Hyman Minsky's analysis of financial instability, this book considers the important interaction between cycles and growth, via the interplay between demand, supply and real-world financial issues |
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Physical Description: | xvii, 195 p ill |
ISBN: | 184980916X 9781849809177 9781849809160 |