A Crash Course on Crises - Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries

An incisive overview of the macroeconomics of financial crises-essential reading for students and policy experts alikeWith alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them.Each of the book's ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent.With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.

Product details

• Authors: Markus K. Brunnermeier, Markus K. Reis Brunnermeier, Brunnermeier Markus K., Ricardo Reis, Reis Ricardo
• Publisher: Princeton University Press
• Languages: English
• Product format: Hardback
• Released: 06.06.2023
• EAN: 9780691221106
• ISBN: 978-0-691-22110-6
• No. of pages: 136
• Dimensions: 165 mm x 242 mm x 13 mm
• Subjects: Education and learning > Teaching preparation > Vocational needs; Social sciences, law, business > Business > General, dictionaries; BUSINESS & ECONOMICS / Economic Conditions, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Public Finance, BUSINESS & ECONOMICS / Finance / Financial Risk Management, macroeconomics, Economic & financial crises & disasters, Economic and financial crises and disasters