A Crash course on crises: macroeconomic concepts for run-ups, collapses, and recoveries

By:

Brunnermeier, Markus K

Contributor(s):

Reis, Ricardo

Material type: Text

TextPublication details: Princeton University Press New Jersey 2023Description: vii, 123 pISBN:

9780691221106

Subject(s):

Macroeconomics

DDC classification:

330.156 BRU

Summary: With 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. (https://press.princeton.edu/books/hardcover/9780691221106/a-crash-course-on-crises)

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Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	330.156 BRU (Browse shelf(Opens below))	1	Available		006202

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Previous	330.1543 GUN Basic econometrics	330.155 MCK Measuring economic welfare: new methods	330.1552 WHA Institutional economics:	330.156 BRU A Crash course on crises: macroeconomic concepts for run-ups, collapses, and recoveries	330.156 CAR Keynes on uncertainty and tragic happiness: complexity and expectations	330.156 HAY John Maynard Keynes: the art of choosing the right model	330.156 KEY The general theory of employment interest, and money	Next

With 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.

(https://press.princeton.edu/books/hardcover/9780691221106/a-crash-course-on-crises)

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