close

Reconstructing Keynesian Macroeconomics Volume 3

Carl Chiarella, Peter Flaschel, Willi Semmler · ISBN 9780415668583
Reconstructing Keynesian Macroeconomics Volume 3 | Zookal Textbooks | Zookal Textbooks
Out of stock
$368.00  Save $18.63
$349.37
-
+
Zookal account needed
Read online instantly with Zookal eReader
Access online & offline
$83.59
Note: Subscribe and save discount does not apply to eTextbooks.
-
+
Publisher Taylor and Francis
Author(s) Carl Chiarella / Peter Flaschel / Willi Semmler
Subtitle Macroeconomic Activity, Banking and Financial Markets
Published 23rd December 2014
Related course codes

Macroeconomic Activity, Banking and Financial Markets

This book represents the third of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction.


This book offers a full treatment of the interlinkages between the real and the financial markets, including an analysis of banking, credit, and endogenous money and asset markets. It remains critical of quite frequently used conventional macro models that have dropped the tradition of studying the macroeconomic feedback channels, well-known in the history of macroeconomics. Those feedback mechanisms are known to have the potential for instabilities with respect to real markets, price dynamics and financial markets. In this volume a particular emphasis is given to the financial-real interaction.


The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas, but in the modern form in which they are expressed in this volume.


Reconstructing Keynesian Macroeconomics

will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers.

Translation missing: en.general.search.loading