Applied macroeconomics: a practical introduction
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Wiesbaden
Springer
[2022]
|
| Schlagworte: | |
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| Beschreibung: | XIV, 398 Seiten Illustrationen, Diagramme |
| ISBN: | 9783658393144 3658393149 |
Internformat
MARC
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| 100 | 1 | |a Conrad, Christian A. |d 1966- |e Verfasser |0 (DE-588)115697497 |4 aut | |
| 245 | 1 | 0 | |a Applied macroeconomics |b a practical introduction |c Christian A. Conrad |
| 264 | 1 | |a Wiesbaden |b Springer |c [2022] | |
| 300 | |a XIV, 398 Seiten |b Illustrationen, Diagramme | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 0 | 7 | |a Makroökonomie |0 (DE-588)4037174-8 |2 gnd |9 rswk-swf |
| 653 | |a Applied macroeconomics | ||
| 653 | |a Economic interrelationships | ||
| 653 | |a Macroeconomic framework conditions of companies | ||
| 653 | |a Macroeconomic variables | ||
| 653 | |a Monetary policy | ||
| 655 | 7 | |0 (DE-588)4151278-9 |a Einführung |2 gnd-content | |
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| 710 | 2 | |a Springer Fachmedien Wiesbaden |0 (DE-588)1043386068 |4 pbl | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe, PDF |z 978-3-658-39315-1 |
| 856 | 4 | 2 | |m X:MVB |q text/html |u http://deposit.dnb.de/cgi-bin/dokserv?id=be515807307240ad82c57d16a30ed699&prov=M&dok_var=1&dok_ext=htm |3 Inhaltstext |
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Datensatz im Suchindex
| _version_ | 1804184686742732800 |
|---|---|
| adam_text | CONTENTS
1
BASICS
.............................................................................................................................
1
2
MACOECONOMIC
ACCOUNTING
.......................................................................................
5
2.1
CIRCUITS
IN
THE
MACOECONOMIC
ACCOUNTING
.................................................
6
2.2
CASE
STUDY:
NEW
GDP
CALCULATION
..............................................................
10
2.3 TERMS
OF
THE
MACOECONOMIC
ACCOUNTING
...................................................
17
2.4
OUTPUT,
EXPENDITURES
AND
DISTRIBUTION
APPROACH
........................................
25
2.4.1
THE
OUTPUT
(OR
VALUE
ADDED)
APPROACH
........................................
25
2.4.2
EXPENDITURES
APPROACH
.................................................................
26
2.4.3
THE
DISTRIBUTION
APPROACH
OF
NATIONAL
INCOME
.........................
27
2.5
CASE
STUDY:
EUROPEAN
WEALTH
AND
GDP
.....................................................
31
REFERENCES
..................................................................................................................
35
3
NEOCLASSICAL
MACROECONOMIC
MODEL
......................................................................
37
3.1
MARSHALL
S
SUPPLY
AND
DEMAND
CROSS
..........................................................
37
3.2
THE
COMPANIES
..............................................................................................
43
3.2.1
THE
PRODUCTION
FUNCTION
...............................................................
43
3.2.2
CASE
STUDY:
SUPPLY-ORIENTED
EMPLOYMENT
POLICY
.......................
49
3.2.3
CASE
STUDY:
PRODUCTIVITY
IN
GERMANY
............................................
51
3.2.4
CASE
STUDY:
DEVELOPMENT
OF
REAL
WAGES
.....................................
52
3.2.5
CASE
STUDY:
THE
PLAGUE
AND
FACTOR
PRICES
...................................
53
3.3
THE
HOUSEHOLDS
..............................................................................................
54
3.4
CAPITAL
AND
LABOR
MARKET
.............................................................................
57
3.5
THE
REAL
SECTOR
..............................................................................................
59
3.6
THE
SAYSCHE
THEOREM
...................................................................................
62
3.7
THE
MONEY
MARKET
..........................................................................................
63
3.8
THE
NEOCLASSICAL
OVERALL
MODEL
...................................................................
68
3.9
ECONOMIC
POLICY
IN
THE
NEOCLASSICAL
MODEL
...............................................
70
REFERENCES
..................................................................................................................
79
X
CONTENTS
4
INFLATION
..........................................................................................................................
81
4.1
WHAT
IS
INFLATION?
...........................................................................................
81
4.2
DISADVANTAGES
OF
INFLATION
............................................................................
85
4.3
CASE
STUDY:
HYPERINFLATION
GERMANY
.........................................................
90
REFERENCES
...................................................................................................................
98
5
MONETARY
POLICY
AND
ITS
IMPLEMENTATION
BY
THE
EUROPEAN
CENTRAL
BANK
.................................................................................................................
99
5.1
ADVANTAGES
OF
A
UNIFIED
EUROPEAN
CURRENCY
AREA
....................................
99
5.2
THE
FOUNDING
OF
THE
ECB
............................................................................
100
5.3
NATIONAL
FISCAL
POLICY
...................................................................................
101
5.4
PROBLEMS
OF
A
UNIFIED
MONETARY
POLICY
........................................................
104
5.5
THE
MISSING
POLITICAL
AND
ECONOMIC
AGREEMENT
OF
EUROPE
......................
106
5.6
ORGANIZATIONS
OF
THE
ECB
.............................................................................
108
5.7
BASICS
OF
EUROPEAN
CENTRAL
BANK
MONETARY
POLICY
.....................................
110
5.7.1
POLITICAL
INDEPENDENCE
.....................................................................
110
5.7.2
TARGETS
..............................................................................................
ILL
5.7.3
THE
MONEY
CREATION
PROCESS
..........................................................
112
5.7.4
PROCESS
OF
FINANCIAL
INTERMEDIATION
BY
COMMERCIAL
BANKS
....
117
5.7.5
THE
MONETARY
POLICY
INSTRUMENTS
OF
THE
ECB
..............................
119
5.8
OPEN
MARKET
OPERATIONS
(AS
INTEREST
AND
MONETARY
POLICY)
....................
119
5.9
STANDING
FACILITIES
.........................................................................................
120
5.10
MINIMUM
RESERVE
.........................................................................................
121
5.11
QUANTITATIVE
EASING,
THE
NEW
MONETARY
POLICY
AT
THE
CAPITAL
MARKET
...
124
REFERENCES
...................................................................................................................
129
6
KEYNESIAN
THEORY
........................................................................................................
131
6.1
CASE
STUDY:
THE
WORLD
ECONOMIC
CRISIS
.....................................................
132
6.2
CASE
STUDY:
KEYNES
AND
THE
RELEVANCE
OF
HIS
THEORY
ILLUSTRATED
BY
THE
FINANCIAL
CRISIS
.......................................................................
135
6.3
THE
CONSUMPTION
FUNCTION
...........................................................................
138
6.4
THE
SAVING
FUNCTION
......................................................................................
139
6.5
THE
INCOME-EXPENDITURE
MODEL
..................................................................
141
6.6
EXPENDITURE
AND
TAX
MULTIPLIER
.....................................................................
147
6.7
INTERPRETATION
OF
KEYNESIAN
DEMAND-ORIENTED
POLICY
.................................
151
6.8
THE
INVESTMENT
FUNCTION
...............................................................................
153
6.9
EXCURSUS:
INTEREST
RATES
IN
PRACTICE,
THE
YIELD
CURVE
................................
155
6.10
THE
CAPITAL
MARKET
EQUILIBRIUM
..................................................................
157
6.11
THE
MONEY
MARKET
EQUILIBRIUM
..................................................................
160
6.12
THE
IS/LM
MODEL
..........................................................................................
167
6.13
A
GENERAL
KEYNESIAN
AGGREGATE
MODEL
(NEOCLASSICAL
SYNTHESIS)
.............
171
6.14
KEYNESIAN
ECONOMIC
POLICY
IN
THE
NORMAL
SITUATION
.................................
174
CONTENTS
XI
6.14.1
EXPANSIVE
CREDIT-FINANCED
FISCAL
POLICY
....................................
174
6.14.2
EXPANSIVE
TAX-FINANCED
FISCAL
POLICY
........................................
177
6.14.3
EXPANSIVE
MONETARY
POLICY
...........................................................
178
6.15
KEYNESIAN
EXPLANATIONS
OF
DEPRESSIONS
.....................................................
179
6.15.1
THE
GREAT
DEPRESSION
AND
THE
FINANCIAL
CRISIS
............................
179
6.15.2
THE
INVESTMENT
TRAP
......................................................................
181
6.15.3
THE
LIQUIDITY
TRAP
..........................................................................
183
6.16
KEYNESIAN
ECONOMIC
POLICY
IN
THE
DEPRESSION
..........................................
186
6.16.1
CREDIT-FINANCED
EXPANSIONARY
FISCAL
POLICY
IN
THE
INVESTMENT
TRAP
...............................................................
186
6.16.2
EXPANSIVE
TAX-FINANCED
FISCAL
POLICY
IN
THE
INVESTMENT
TRAP
...............................................................
188
6.16.3
CREDIT-FINANCED
EXPANSIVE
FISCAL
POLICY
IN
THE
LIQUIDITY
TRAP
..................................................................
188
6.16.4
EXPANSIVE
TAX-FINANCED
FISCAL
POLICY
IN
THE
LIQUIDITY
TRAP
..................................................................
190
6.17
KEYNESIAN
ECONOMIC
POLICY
........................................................................
191
6.18
EXPANSIVE
MONETARY
POLICY
WITH
RIGID
WAGES
...........................................
193
6.19
THE
MUNDELL-FLEMMING
MODEL
OF
THE
OPEN
ECONOMY
..............................
195
REFERENCES
..................................................................................................................
199
7
BUSINESS
CYCLES
IN
THEORY
AND
PRACTICE
................................................................
201
7.1
THE
ECONOMIC
PHENOMENON
OF
BUSINESS
CYCLES
........................................
201
7.2
DYNAMIC
KEYNESIAN
APPROACHES:
THE
HICKS
SUPERMULTIPLIER
...................
205
7.3
NEOLIBERALS
VERSUS
KEYNESIANS,
A
SYNTHESIS
...............................................
210
7.4
GROWTH
DETERMINANTS
AS
BUSINESS
CYCLE-TRIGGERING
FACTORS
....................
212
7.4.1
TECHNICAL
PROGRESS
...........................................................................
212
7.4.2
THE
NEW
GROWTH
THEORY
.................................................................
215
7.5
OVERINVESTMENT
THEORIES
AND
EXPERIMENTS
.................................................
216
7.6
DISTRIBUTIONAL
CONFLICTS
TO
EXPLAIN
FLUCTUATIONS
IN
THE
BUSINESS
CYCLE:
THE
GOODWIN
MODEL
........................................................
227
7.7
SHOCKS
AND
PRICE
RIGIDITIES:
NEW
KEYNESIAN
MACROECONOMICS
AND
NEO-KEYNESIAN
MACROECONOMICS
...............................................................
232
7.8
POLITICAL
BUSINESS
CYCLES:
NORDHAUS
POLITICAL
BUSINESS
CYCLE
MODEL
...
237
7.9
MONETARY
POLICY
AS
A
CAUSE
OF
THE
BUSINESS
CYCLE
....................................
241
7.9.1
THE
INTEREST
RATE
SPREAD
THEOREM
BY
KNUT
WICKSELL
..................
241
7.9.2
HAYEK
S
PERVERSE
ELASTICITY
OF
CREDIT
SUPPLY
...............................
243
7.9.3
CASE
STUDY:
US
MONETARY
POLICY
IN
THE
TENSION
FIELD
OF
STOCK
MARKET
DEVELOPMENT
........................................
244
7.9.4
REVIEW
OF
MONETARY
POLICY
GOALS
.................................................
248
7.9.5
EMPIRICAL
VERIFICATION
OF
THE
EFFECTS
OF
A
ZERO
INTEREST
RATE
POLICY
ON
RISK
BEHAVIOR
.........................
256
XII
CONTENTS
7.9.6
THE
EFFECTS
OF
MONEY
SUPPLY
AND
INTEREST
RATES
ON
STOCK
PRICES,
EVIDENCE
FROM
TWO
BEHAVIORAL
EXPERIMENTS
..
264
7.9.7
MONETARY
POLICY
CONCLUSION
.........................................................
275
7.10
PSYCHOLOGICAL
FACTORS
AS
A
CAUSE
OF
THE
BUSINESS
CYCLE
............................
276
7.10.1
ADAPTIVE
EXPECTATIONS
IN
MONETARIST
THEORIES
............................
276
7.10.2
FLUCTUATIONS
IN
DEMAND
DUE
TO
INCORRECT
ADJUSTMENT
REACTIONS:
THE
ORIGINAL
APPROACH
OF
NEW
CLASSICAL
MACROECONOMICS
..............................................................
277
7.10.3
DISTURBANCE
OF
THE
MARKET
EQUILIBRIUM
BY
REAL
EXOGENOUS
SHOCKS:
THE
REAL
BUSINESS
CYCLES
THEORIES
.................
280
7.10.4
SUNSPOT
VARIABLES
AS
PSYCHOLOGICAL
INFLUENCES
ON
BUSINESS
CYCLE
DEVELOPMENT
.........................................................
281
7.10.5
SPECULATIVE
BUBBLES
AS
TRIGGERS
OF
ECONOMIC
FLUCTUATIONS
....
282
7.11
FINAL
ASSESSMENT
OF
THE
THEORIES
OF
ECONOMIC
DEVELOPMENT
...................
295
REFERENCES
..................................................................................................................
300
8
INTERNATIONAL
FINANCIAL
MARKETS
AFTER
THE
FINANCIAL
CRISIS
.............................
309
8.1
THE
FINANCIAL
CRISIS
AND
THE
REFORMS
TO
STABILIZE
THE
FINANCIAL
MARKETS
..........................................................................................................
309
8.1.1
THE
SUBPRIME
CRISIS,
THE
BIGGEST
FINANCIAL
CRISIS
AFTER
1929
........................................................................
309
8.1.2
SOME
CAUSES
OF
THE
FINANCIAL
CRISIS
IN
THE
LIGHT
OF
BEHAVIORAL
THEORY
...........................................................
318
8.1.3
THE
REFORMS
OF
THE
INTERNATIONAL
FINANCIAL
MARKET
ORDER
.........
341
8.2
SPECULATION
IN
THE
INTERNATIONAL
FINANCIAL
MARKETS
.....................................
350
8.2.1
WHAT
EMPIRICAL
EVIDENCE
DO
WE
HAVE
ABOUT
SPECULATION
INFLUENCING
MARKETS?
..................................
351
8.2.2
CRITIQUE
OF
METHODOLOGY
................................................................
354
8.2.3
THE
LOGIC
OF
SPECULATION
................................................................
357
8.2.4
PRICE
DISTORTIONS
AND
PRICE
MANIPULATION
.....................................
359
8.2.5
IRRATIONALITY
AND
BUBBLE
CREATION?
...............................................
361
8.2.6
CONCLUSION
........................................................................................
362
8.3
CONCLUSION
INTERNATIONAL
FINANCIAL
MARKETS
AFTER
THE
FINANCIAL
CRISIS
...................................................................................................
363
REFERENCES
...................................................................................................................
365
9
SOLUTIONS
TO
EXERCISE
QUESTIONS
.................................................................................
375
APPENDIX
..............................................................................................................................
397
|
| adam_txt |
CONTENTS
1
BASICS
.
1
2
MACOECONOMIC
ACCOUNTING
.
5
2.1
CIRCUITS
IN
THE
MACOECONOMIC
ACCOUNTING
.
6
2.2
CASE
STUDY:
NEW
GDP
CALCULATION
.
10
2.3 TERMS
OF
THE
MACOECONOMIC
ACCOUNTING
.
17
2.4
OUTPUT,
EXPENDITURES
AND
DISTRIBUTION
APPROACH
.
25
2.4.1
THE
OUTPUT
(OR
VALUE
ADDED)
APPROACH
.
25
2.4.2
EXPENDITURES
APPROACH
.
26
2.4.3
THE
DISTRIBUTION
APPROACH
OF
NATIONAL
INCOME
.
27
2.5
CASE
STUDY:
EUROPEAN
WEALTH
AND
GDP
.
31
REFERENCES
.
35
3
NEOCLASSICAL
MACROECONOMIC
MODEL
.
37
3.1
MARSHALL
'
S
SUPPLY
AND
DEMAND
CROSS
.
37
3.2
THE
COMPANIES
.
43
3.2.1
THE
PRODUCTION
FUNCTION
.
43
3.2.2
CASE
STUDY:
SUPPLY-ORIENTED
EMPLOYMENT
POLICY
.
49
3.2.3
CASE
STUDY:
PRODUCTIVITY
IN
GERMANY
.
51
3.2.4
CASE
STUDY:
DEVELOPMENT
OF
REAL
WAGES
.
52
3.2.5
CASE
STUDY:
THE
PLAGUE
AND
FACTOR
PRICES
.
53
3.3
THE
HOUSEHOLDS
.
54
3.4
CAPITAL
AND
LABOR
MARKET
.
57
3.5
THE
REAL
SECTOR
.
59
3.6
THE
SAYSCHE
THEOREM
.
62
3.7
THE
MONEY
MARKET
.
63
3.8
THE
NEOCLASSICAL
OVERALL
MODEL
.
68
3.9
ECONOMIC
POLICY
IN
THE
NEOCLASSICAL
MODEL
.
70
REFERENCES
.
79
X
CONTENTS
4
INFLATION
.
81
4.1
WHAT
IS
INFLATION?
.
81
4.2
DISADVANTAGES
OF
INFLATION
.
85
4.3
CASE
STUDY:
HYPERINFLATION
GERMANY
.
90
REFERENCES
.
98
5
MONETARY
POLICY
AND
ITS
IMPLEMENTATION
BY
THE
EUROPEAN
CENTRAL
BANK
.
99
5.1
ADVANTAGES
OF
A
UNIFIED
EUROPEAN
CURRENCY
AREA
.
99
5.2
THE
FOUNDING
OF
THE
ECB
.
100
5.3
NATIONAL
FISCAL
POLICY
.
101
5.4
PROBLEMS
OF
A
UNIFIED
MONETARY
POLICY
.
104
5.5
THE
MISSING
POLITICAL
AND
ECONOMIC
AGREEMENT
OF
EUROPE
.
106
5.6
ORGANIZATIONS
OF
THE
ECB
.
108
5.7
BASICS
OF
EUROPEAN
CENTRAL
BANK
MONETARY
POLICY
.
110
5.7.1
POLITICAL
INDEPENDENCE
.
110
5.7.2
TARGETS
.
ILL
5.7.3
THE
MONEY
CREATION
PROCESS
.
112
5.7.4
PROCESS
OF
FINANCIAL
INTERMEDIATION
BY
COMMERCIAL
BANKS
.
117
5.7.5
THE
MONETARY
POLICY
INSTRUMENTS
OF
THE
ECB
.
119
5.8
OPEN
MARKET
OPERATIONS
(AS
INTEREST
AND
MONETARY
POLICY)
.
119
5.9
STANDING
FACILITIES
.
120
5.10
MINIMUM
RESERVE
.
121
5.11
QUANTITATIVE
EASING,
THE
NEW
MONETARY
POLICY
AT
THE
CAPITAL
MARKET
.
124
REFERENCES
.
129
6
KEYNESIAN
THEORY
.
131
6.1
CASE
STUDY:
THE
WORLD
ECONOMIC
CRISIS
.
132
6.2
CASE
STUDY:
KEYNES
AND
THE
RELEVANCE
OF
HIS
THEORY
ILLUSTRATED
BY
THE
FINANCIAL
CRISIS
.
135
6.3
THE
CONSUMPTION
FUNCTION
.
138
6.4
THE
SAVING
FUNCTION
.
139
6.5
THE
INCOME-EXPENDITURE
MODEL
.
141
6.6
EXPENDITURE
AND
TAX
MULTIPLIER
.
147
6.7
INTERPRETATION
OF
KEYNESIAN
DEMAND-ORIENTED
POLICY
.
151
6.8
THE
INVESTMENT
FUNCTION
.
153
6.9
EXCURSUS:
INTEREST
RATES
IN
PRACTICE,
THE
YIELD
CURVE
.
155
6.10
THE
CAPITAL
MARKET
EQUILIBRIUM
.
157
6.11
THE
MONEY
MARKET
EQUILIBRIUM
.
160
6.12
THE
IS/LM
MODEL
.
167
6.13
A
GENERAL
KEYNESIAN
AGGREGATE
MODEL
(NEOCLASSICAL
SYNTHESIS)
.
171
6.14
KEYNESIAN
ECONOMIC
POLICY
IN
THE
NORMAL
SITUATION
.
174
CONTENTS
XI
6.14.1
EXPANSIVE
CREDIT-FINANCED
FISCAL
POLICY
.
174
6.14.2
EXPANSIVE
TAX-FINANCED
FISCAL
POLICY
.
177
6.14.3
EXPANSIVE
MONETARY
POLICY
.
178
6.15
KEYNESIAN
EXPLANATIONS
OF
DEPRESSIONS
.
179
6.15.1
THE
GREAT
DEPRESSION
AND
THE
FINANCIAL
CRISIS
.
179
6.15.2
THE
INVESTMENT
TRAP
.
181
6.15.3
THE
LIQUIDITY
TRAP
.
183
6.16
KEYNESIAN
ECONOMIC
POLICY
IN
THE
DEPRESSION
.
186
6.16.1
CREDIT-FINANCED
EXPANSIONARY
FISCAL
POLICY
IN
THE
INVESTMENT
TRAP
.
186
6.16.2
EXPANSIVE
TAX-FINANCED
FISCAL
POLICY
IN
THE
INVESTMENT
TRAP
.
188
6.16.3
CREDIT-FINANCED
EXPANSIVE
FISCAL
POLICY
IN
THE
LIQUIDITY
TRAP
.
188
6.16.4
EXPANSIVE
TAX-FINANCED
FISCAL
POLICY
IN
THE
LIQUIDITY
TRAP
.
190
6.17
KEYNESIAN
ECONOMIC
POLICY
.
191
6.18
EXPANSIVE
MONETARY
POLICY
WITH
RIGID
WAGES
.
193
6.19
THE
MUNDELL-FLEMMING
MODEL
OF
THE
OPEN
ECONOMY
.
195
REFERENCES
.
199
7
BUSINESS
CYCLES
IN
THEORY
AND
PRACTICE
.
201
7.1
THE
ECONOMIC
PHENOMENON
OF
BUSINESS
CYCLES
.
201
7.2
DYNAMIC
KEYNESIAN
APPROACHES:
THE
HICKS
SUPERMULTIPLIER
.
205
7.3
NEOLIBERALS
VERSUS
KEYNESIANS,
A
SYNTHESIS
.
210
7.4
GROWTH
DETERMINANTS
AS
BUSINESS
CYCLE-TRIGGERING
FACTORS
.
212
7.4.1
TECHNICAL
PROGRESS
.
212
7.4.2
THE
NEW
GROWTH
THEORY
.
215
7.5
OVERINVESTMENT
THEORIES
AND
EXPERIMENTS
.
216
7.6
DISTRIBUTIONAL
CONFLICTS
TO
EXPLAIN
FLUCTUATIONS
IN
THE
BUSINESS
CYCLE:
THE
GOODWIN
MODEL
.
227
7.7
SHOCKS
AND
PRICE
RIGIDITIES:
NEW
KEYNESIAN
MACROECONOMICS
AND
NEO-KEYNESIAN
MACROECONOMICS
.
232
7.8
POLITICAL
BUSINESS
CYCLES:
NORDHAUS
'
POLITICAL
BUSINESS
CYCLE
MODEL
.
237
7.9
MONETARY
POLICY
AS
A
CAUSE
OF
THE
BUSINESS
CYCLE
.
241
7.9.1
THE
INTEREST
RATE
SPREAD
THEOREM
BY
KNUT
WICKSELL
.
241
7.9.2
HAYEK
'
S
PERVERSE
ELASTICITY
OF
CREDIT
SUPPLY
.
243
7.9.3
CASE
STUDY:
US
MONETARY
POLICY
IN
THE
TENSION
FIELD
OF
STOCK
MARKET
DEVELOPMENT
.
244
7.9.4
REVIEW
OF
MONETARY
POLICY
GOALS
.
248
7.9.5
EMPIRICAL
VERIFICATION
OF
THE
EFFECTS
OF
A
ZERO
INTEREST
RATE
POLICY
ON
RISK
BEHAVIOR
.
256
XII
CONTENTS
7.9.6
THE
EFFECTS
OF
MONEY
SUPPLY
AND
INTEREST
RATES
ON
STOCK
PRICES,
EVIDENCE
FROM
TWO
BEHAVIORAL
EXPERIMENTS
.
264
7.9.7
MONETARY
POLICY
CONCLUSION
.
275
7.10
PSYCHOLOGICAL
FACTORS
AS
A
CAUSE
OF
THE
BUSINESS
CYCLE
.
276
7.10.1
ADAPTIVE
EXPECTATIONS
IN
MONETARIST
THEORIES
.
276
7.10.2
FLUCTUATIONS
IN
DEMAND
DUE
TO
INCORRECT
ADJUSTMENT
REACTIONS:
THE
ORIGINAL
APPROACH
OF
NEW
CLASSICAL
MACROECONOMICS
.
277
7.10.3
DISTURBANCE
OF
THE
MARKET
EQUILIBRIUM
BY
REAL
EXOGENOUS
SHOCKS:
THE
REAL
BUSINESS
CYCLES
THEORIES
.
280
7.10.4
SUNSPOT
VARIABLES
AS
PSYCHOLOGICAL
INFLUENCES
ON
BUSINESS
CYCLE
DEVELOPMENT
.
281
7.10.5
SPECULATIVE
BUBBLES
AS
TRIGGERS
OF
ECONOMIC
FLUCTUATIONS
.
282
7.11
FINAL
ASSESSMENT
OF
THE
THEORIES
OF
ECONOMIC
DEVELOPMENT
.
295
REFERENCES
.
300
8
INTERNATIONAL
FINANCIAL
MARKETS
AFTER
THE
FINANCIAL
CRISIS
.
309
8.1
THE
FINANCIAL
CRISIS
AND
THE
REFORMS
TO
STABILIZE
THE
FINANCIAL
MARKETS
.
309
8.1.1
THE
SUBPRIME
CRISIS,
THE
BIGGEST
FINANCIAL
CRISIS
AFTER
1929
.
309
8.1.2
SOME
CAUSES
OF
THE
FINANCIAL
CRISIS
IN
THE
LIGHT
OF
BEHAVIORAL
THEORY
.
318
8.1.3
THE
REFORMS
OF
THE
INTERNATIONAL
FINANCIAL
MARKET
ORDER
.
341
8.2
SPECULATION
IN
THE
INTERNATIONAL
FINANCIAL
MARKETS
.
350
8.2.1
WHAT
EMPIRICAL
EVIDENCE
DO
WE
HAVE
ABOUT
SPECULATION
INFLUENCING
MARKETS?
.
351
8.2.2
CRITIQUE
OF
METHODOLOGY
.
354
8.2.3
THE
LOGIC
OF
SPECULATION
.
357
8.2.4
PRICE
DISTORTIONS
AND
PRICE
MANIPULATION
.
359
8.2.5
IRRATIONALITY
AND
BUBBLE
CREATION?
.
361
8.2.6
CONCLUSION
.
362
8.3
CONCLUSION
INTERNATIONAL
FINANCIAL
MARKETS
AFTER
THE
FINANCIAL
CRISIS
.
363
REFERENCES
.
365
9
SOLUTIONS
TO
EXERCISE
QUESTIONS
.
375
APPENDIX
.
397 |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Conrad, Christian A. 1966- |
| author_GND | (DE-588)115697497 |
| author_facet | Conrad, Christian A. 1966- |
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| bvnumber | BV048623708 |
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
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| indexdate | 2024-07-10T09:43:17Z |
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| spelling | Conrad, Christian A. 1966- Verfasser (DE-588)115697497 aut Applied macroeconomics a practical introduction Christian A. Conrad Wiesbaden Springer [2022] XIV, 398 Seiten Illustrationen, Diagramme txt rdacontent n rdamedia nc rdacarrier Makroökonomie (DE-588)4037174-8 gnd rswk-swf Applied macroeconomics Economic interrelationships Macroeconomic framework conditions of companies Macroeconomic variables Monetary policy (DE-588)4151278-9 Einführung gnd-content Makroökonomie (DE-588)4037174-8 s DE-604 Springer Fachmedien Wiesbaden (DE-588)1043386068 pbl Erscheint auch als Online-Ausgabe, PDF 978-3-658-39315-1 X:MVB text/html http://deposit.dnb.de/cgi-bin/dokserv?id=be515807307240ad82c57d16a30ed699&prov=M&dok_var=1&dok_ext=htm Inhaltstext X:MVB http://www.springer.com/ DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=033998862&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p vlb 20220826 DE-101 https://d-nb.info/provenance/plan#vlb |
| spellingShingle | Conrad, Christian A. 1966- Applied macroeconomics a practical introduction Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4037174-8 (DE-588)4151278-9 |
| title | Applied macroeconomics a practical introduction |
| title_auth | Applied macroeconomics a practical introduction |
| title_exact_search | Applied macroeconomics a practical introduction |
| title_exact_search_txtP | Applied macroeconomics a practical introduction |
| title_full | Applied macroeconomics a practical introduction Christian A. Conrad |
| title_fullStr | Applied macroeconomics a practical introduction Christian A. Conrad |
| title_full_unstemmed | Applied macroeconomics a practical introduction Christian A. Conrad |
| title_short | Applied macroeconomics |
| title_sort | applied macroeconomics a practical introduction |
| title_sub | a practical introduction |
| topic | Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Makroökonomie Einführung |
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