Money matters some puzzles, anomalies and crises in the standard macroeconomic model
The 2007 financial crisis and the Great Recession have prompted a debate about the state of macroeconomics, and many orthodox economists have argued that macroeconomics has entered a Dark Age. This book discusses the shortcomings of the standard macroeconomic model (SMM). The SMM failed to explain t...
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| Other Authors: | , , |
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| Format: | Book |
| Language: | English |
| Published: |
Frankfurt, Germany
Peter Lang Gmbh
2017
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Table of Contents:
- Standard macroeconomic model
- Financial crises
- Velocity of money
- Quantity theory of money
- System dynamic approach
- Intermediation loanable funds theory
- Fractional reserve banking
- Balance sheet recession
- Endogenous money view
- Debt money
- Chicago Plan