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Lectures on Behavioral Macroeconomics /
In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices by rational agents leads to cyclical movements. In this boo...
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton, NJ :
Princeton University Press,
[2012]
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| Temas: | |
| Acceso en línea: | Texto completo Texto completo |
Tabla de Contenidos:
- Frontmatter
- Contents
- Preface
- 1. A Behavioral Macroeconomic Model
- 2. The Transmission of Shocks
- 3. Trade-offs between Output and Inflation Variability
- 4. Flexibility, Animal Spirits, and Stabilization
- 5. Animal Spirits and the Nature of Macroeconomic Shocks
- 6. Stock Prices and Monetary Policy
- 7. Extensions of the Basic Model
- 8. Empirical Issues
- References
- Index