9781107011885 - The Great Recession: Market Failure or Policy Failure? (Studies in Macroeconomic History) von Robert L. Hetzel (7 Ergebnisse)

Zustand: Good. VG condition book without dust jacket. Boards are clean with little wear. Book has clean and bright contents.

Paperback. Zustand: Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.

Zustand: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,750grams, ISBN:9781107011885.

Zustand: New. In English.

Hardcover. Zustand: Brand New. 1st edition. 375 pages. 9.06x6.06x1.02 inches. In Stock.

Zustand: New. 2012. 1st Edition. Hardcover. Argues that the 2008-9 recession needs to be understood as deriving from mistakes of central banks and regulators, not financial markets. Series: Studies in Macroeconomic History. Num Pages: 400 pages, 64 b/w illus. 4 tables. BIC Classification: KCBM; KCZ. Category: (U) Tertiary Education (US: College). Dimension: 234 x 158 x 26. Weight in Grams: 666. Market Failure or Policy Failure? Series: Studies in Macroeconomic History. 400 pages, 64 b/w illus. 4 tables. Argues that the 2008-2009 recession needs to be understood as deriving from mistakes of central banks and regulators, not financial markets. Cateogry: (U) Tertiary Education (US: College). BIC Classification: KCBM; KCZ. Dimension: 234 x 158 x 26. Weight: 656. . . . . . Books ship from the US and Ireland.

Buch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations and the efficacy of the price system in assuring macroeconomic stability. The 2008-9 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the credit-cycle or asset-bubble explanations of recession that dominated thinking in the nineteenth century and the first half of the twentieth century. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation. The present book argues for the alternative 'monetary-disorder' view of recessions. A review of cyclical instability over the last two centuries places the 2008-9 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in financial markets.