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Behavioural Macroeconomics - Paul De Grauwe

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210  Lei

sau 21000 de puncte. Detalii.

Livrare in 15 zile lucratoare

Cod: BRT9780198832324

An aparitie: 2019

Autor: Paul De Grauwe

Categoria: Economics

Editie: cartonata

Editura: OXFORD UNIVERSITY PRESS ACADEM

Format: 252 x 169 x 21 mm

Limba: English

Nr. pagini: 272



Transport Gratuit peste 50 de lei
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Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside. Behavioural Macroeconomics: Theory and Policy uses a different paradigm. It assumes that individual agents experience cognitive limitations preventing them from having rational
expectations. Instead these individuals use simple rules of behaviour.

Behavioural Macroeconomics introduces rationality by allowing individuals to learn from their mistakes and to switch to the rules that perform better. It introduces the idea of endogenously generated "animals spirits" that drive the business cycle and are in turn influenced by it, and applies this model to shed new light on a number of important issues. It analyses the role of fiscal policy in stabilizing the economy while maintaining debt sustainability; expands the model to include a
banking sector and show how banks amplify the booms and busts; and explains how animal spirits help to synchronize the business cycles across countries.

The model set out in Behavioural Macroeconomics leads to very different policy implications from the mainstream macroeconomic model. It shows how policymakers have a responsibility to stabilize an otherwise unstable system.

Cartea Behavioural Macroeconomics - Paul De Grauwe face parte din categoria Economics a librariei online Libris.ro si este scrisa de Paul De Grauwe.
Livrarea se face din stocul furnizorului nostru din UK in aproximativ 15 zile lucratoare. Transportul este gratuit prin curier rapid, oriunde in Romania, pentru orice comanda de minimum 50 de lei. Pentru orice solicitare sau informatie suplimentara apelati call center-ul Libris de luni pana vineri intre orele 8-20.


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