Applied macroeconomics: a practical introduction
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Wiesbaden
Springer
[2022]
|
| Subjects: | |
| Online Access: | Inhaltstext http://www.springer.com/ Inhaltsverzeichnis |
| Physical Description: | XIV, 398 Seiten Illustrationen, Diagramme |
| ISBN: | 9783658393144 3658393149 |
Staff View
MARC
| LEADER | 00000nam a22000008c 4500 | ||
|---|---|---|---|
| 001 | BV048623708 | ||
| 003 | DE-604 | ||
| 005 | 20250407 | ||
| 007 | t| | ||
| 008 | 221223s2022 gw a||| |||| 00||| eng d | ||
| 015 | |a 22,N35 |2 dnb | ||
| 016 | 7 | |a 1266455310 |2 DE-101 | |
| 020 | |a 9783658393144 |c pbk. |9 978-3-658-39314-4 | ||
| 020 | |a 3658393149 |9 3-658-39314-9 | ||
| 024 | 3 | |a 9783658393144 | |
| 028 | 5 | 2 | |a Bestellnummer: 978-3-658-39314-4 |
| 028 | 5 | 2 | |a Bestellnummer: 89126250 |
| 035 | |a (OCoLC)1358324174 | ||
| 035 | |a (DE-599)DNB1266455310 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 044 | |a gw |c XA-DE-HE | ||
| 049 | |a DE-11 |a DE-N2 | ||
| 084 | |a QC 300 |0 (DE-625)141265: |2 rvk | ||
| 084 | |8 1\p |a 330 |2 23sdnb | ||
| 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] | |
| 264 | 4 | |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 | |
| 689 | 0 | 0 | |a Makroökonomie |0 (DE-588)4037174-8 |D s |
| 689 | 0 | |5 DE-604 | |
| 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 |
| 856 | 4 | 2 | |m X:MVB |u http://www.springer.com/ |
| 856 | 4 | 2 | |m DNB Datenaustausch |q application/pdf |u 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 |3 Inhaltsverzeichnis |
| 883 | 1 | |8 1\p |a vlb |d 20220826 |q DE-101 |u https://d-nb.info/provenance/plan#vlb | |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033998862 | |
Record in the Search Index
| _version_ | 1828760211563741184 |
|---|---|
| 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- |
| author_role | aut |
| author_sort | Conrad, Christian A. 1966- |
| author_variant | c a c ca cac |
| building | Verbundindex |
| bvnumber | BV048623708 |
| classification_rvk | QC 300 |
| ctrlnum | (OCoLC)1358324174 (DE-599)DNB1266455310 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a22000008c 4500</leader><controlfield tag="001">BV048623708</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20250407</controlfield><controlfield tag="007">t|</controlfield><controlfield tag="008">221223s2022 gw a||| |||| 00||| eng d</controlfield><datafield tag="015" ind1=" " ind2=" "><subfield code="a">22,N35</subfield><subfield code="2">dnb</subfield></datafield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">1266455310</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783658393144</subfield><subfield code="c">pbk.</subfield><subfield code="9">978-3-658-39314-4</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">3658393149</subfield><subfield code="9">3-658-39314-9</subfield></datafield><datafield tag="024" ind1="3" ind2=" "><subfield code="a">9783658393144</subfield></datafield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">Bestellnummer: 978-3-658-39314-4</subfield></datafield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">Bestellnummer: 89126250</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1358324174</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)DNB1266455310</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">gw</subfield><subfield code="c">XA-DE-HE</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-11</subfield><subfield code="a">DE-N2</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QC 300</subfield><subfield code="0">(DE-625)141265:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="8">1\p</subfield><subfield code="a">330</subfield><subfield code="2">23sdnb</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Conrad, Christian A.</subfield><subfield code="d">1966-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)115697497</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Applied macroeconomics</subfield><subfield code="b">a practical introduction</subfield><subfield code="c">Christian A. Conrad</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Wiesbaden</subfield><subfield code="b">Springer</subfield><subfield code="c">[2022]</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">© 2022</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XIV, 398 Seiten</subfield><subfield code="b">Illustrationen, Diagramme</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Makroökonomie</subfield><subfield code="0">(DE-588)4037174-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Applied macroeconomics</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Economic interrelationships</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Macroeconomic framework conditions of companies</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Macroeconomic variables</subfield></datafield><datafield tag="653" ind1=" " ind2=" "><subfield code="a">Monetary policy</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4151278-9</subfield><subfield code="a">Einführung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Makroökonomie</subfield><subfield code="0">(DE-588)4037174-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">Springer Fachmedien Wiesbaden</subfield><subfield code="0">(DE-588)1043386068</subfield><subfield code="4">pbl</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe, PDF</subfield><subfield code="z">978-3-658-39315-1</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">X:MVB</subfield><subfield code="q">text/html</subfield><subfield code="u">http://deposit.dnb.de/cgi-bin/dokserv?id=be515807307240ad82c57d16a30ed699&prov=M&dok_var=1&dok_ext=htm</subfield><subfield code="3">Inhaltstext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">X:MVB</subfield><subfield code="u">http://www.springer.com/</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">DNB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">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</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">vlb</subfield><subfield code="d">20220826</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#vlb</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033998862</subfield></datafield></record></collection> |
| genre | (DE-588)4151278-9 Einführung gnd-content |
| genre_facet | Einführung |
| id | DE-604.BV048623708 |
| illustrated | Illustrated |
| index_date | 2024-07-03T21:14:15Z |
| indexdate | 2025-04-07T16:00:44Z |
| institution | BVB |
| institution_GND | (DE-588)1043386068 |
| isbn | 9783658393144 3658393149 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033998862 |
| oclc_num | 1358324174 |
| open_access_boolean | |
| owner | DE-11 DE-N2 |
| owner_facet | DE-11 DE-N2 |
| physical | XIV, 398 Seiten Illustrationen, Diagramme |
| publishDate | 2022 |
| publishDateSearch | 2022 |
| publishDateSort | 2022 |
| publisher | Springer |
| record_format | marc |
| spelling | Conrad, Christian A. 1966- Verfasser (DE-588)115697497 aut Applied macroeconomics a practical introduction Christian A. Conrad Wiesbaden Springer [2022] © 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 |
| url | http://deposit.dnb.de/cgi-bin/dokserv?id=be515807307240ad82c57d16a30ed699&prov=M&dok_var=1&dok_ext=htm http://www.springer.com/ 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 |
| work_keys_str_mv | AT conradchristiana appliedmacroeconomicsapracticalintroduction AT springerfachmedienwiesbaden appliedmacroeconomicsapracticalintroduction |