Macroeconomic Theory - A Primer

This book offers a comprehensive introduction to modern macroeconomic theory, bridging foundational concepts with contemporary applications. It begins by exploring the core macroeconomic model featuring rational agents and competitive markets-the cornerstone for analyzing business cycles, economic growth, and asset pricing. From there, it transitions to more complex frameworks, including models that incorporate market imperfections and strategic interactions, crucial for understanding liquidity challenges and financial crises. Designed as a primer, this text explains the theoretical foundations of modern macroeconomics in an accessible way, without relying on advanced recursive techniques.

Sommario

Macroeconomic Theory and History.- Basic Macroeconomic Model.- Exogenous and Endogenous Fluctuations.- Exogenous and Endogenous Growth.-  Asset Prices and Bubbles.- Credit Cycle.- Cash Payment and Inflation.- Complete and Incomplete Markets.-  Liquidity Constraints.- Endogenously Incomplete Markets.- Bank Runs and Liquidity Crises.- Money and Job Search.- Dynamic Programming.- Conclusion.

Dettagli sul prodotto

• Autori: Leo Ferraris
• Editore: Springer, Berlin
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 07.06.2025
• EAN: 9783031887390
• ISBN: 978-3-0-3188739-0
• Pagine: 256
• Illustrazioni: XII, 256 p.
• Serie: Classroom Companion: Economics
• Categorie: Scienze sociali, diritto, economia > Economia > Economia politica; Wirtschaftswissenschaft, Inflation, Wirtschaftspolitik, politische Ökonomie, Economic Policy, Öffentlicher Dienst und öffentlicher Sektor, unemployment, Financial Crisis, Public Economics, economic growth, liquidity, Macroeconomics and Monetary Economics, Economic Development, Innovation and Growth, Bank Run, Business cycles, macroeconomic theory, Bubbles, pecuniary externality