Booms and busts: New Keynesian and behavioural explanations

Paul De Grauwe

Chapter 6 in What’s Right with Macroeconomics?, 2012, pp 149-180 from Edward Elgar Publishing

Abstract: Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It questions how the field of economics – still reeling from the global financial crisis initiated in the summer of 2007 – will respond.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2012
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Related works:
Working Paper: Booms and Busts: New Keynesian and Behavioral Explanations (2010)
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