Please use this identifier to cite or link to this item: https://lib.hpu.edu.vn/handle/123456789/30712
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dc.contributor.authorHomburg, Stefanen_US
dc.date.accessioned2018-05-02T07:25:14Z
dc.date.available2018-05-02T07:25:14Z
dc.date.issued2017en_US
dc.identifier.isbn9780198807537en_US
dc.identifier.otherHPU2162372en_US
dc.identifier.urihttps://lib.hpu.edu.vn/handle/123456789/30712-
dc.description.abstractThe present monograph was motivated by the Great Recession, which hit the global economy in 2008–09. Tis remarkable event, unparalleled in the postwar era, raised two issues. Te frst, positive in nature, was whether one should be concerned about the future of capitalism. Tis question is vital not only for policymakers and wealth managers but also for everyone with a genuine interest in macroeconomics and political economy. Te second point, a normative one, regarded the usefulness of unprecedented monetary and fscal actions that were initiated during the crisis and lasted for years. When the recession set in, not a single leading macro article suggested that modern economies were in need of large and persistent doses of external stimuli—a medicine so strong that in some cases it triggered sovereign defaults. Quite the contrary, the prevailing paradigm held that monetary and fscal policies were either ineffective or that their effectiveness was due to temporary frictions and limited to short time spans.en_US
dc.format.extent218p.en_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoenen_US
dc.publisherOxford University Pressen_US
dc.subjectMonetaryen_US
dc.subjectMacroeconomicsen_US
dc.subjectGlobal economyen_US
dc.titleA study in monetary macroeconomicsen_US
dc.typeBooken_US
dc.size1.12 MBen_US
dc.departmentSociologyen_US
Appears in Collections:Sociology

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