Lectures on Behavioral Macroeconomics

Mostrar otras versiones (1)

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...

Descripción completa

Detalles Bibliográficos
Autor principal: De Grauwe, Paul
Formato: Electrónico eBook
Idioma:Inglés
Publicado: New Jersey : Princeton University Press, 2012.
Colección:Book collections on Project MUSE.
Temas:
Macroeconomics.
BUSINESS & ECONOMICS > Consumer Behavior.
BUSINESS & ECONOMICS > Reference.
BUSINESS & ECONOMICS > Economics > General.
Macroeconomie.
Electronic books.
Acceso en línea:Texto completo
Descripción
Sumario: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 book, Paul De Grauwe argues for a different macroeconomics model--one that works with an internal explanation of the business cycle and factors in agents' limited cognitive abilities. By creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better abl.
Descripción Física:1 online resource (152 pages).
ISBN:9781400845378

Ejemplares similares