Lectures on Behavioral Macroeconomics
Autor Paul De Grauween Limba Engleză Hardback – 15 oct 2012
"De Grauwe voices the concerns of many macroeconomists regarding the empirical plausibility of the rational expectations assumption. He shows how a parsimonious, boundedly rational approach can improve the fit of sticky price macro models to the data in a number of important dimensions."--John Duffy, University of Pittsburgh
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Specificații
ISBN-13: 9780691147390
ISBN-10: 0691147396
Pagini: 152
Ilustrații: 64 line illus. 4 tables.
Dimensiuni: 165 x 243 x 20 mm
Greutate: 0.39 kg
Editura: Princeton University Press
Locul publicării:Princeton, United States
ISBN-10: 0691147396
Pagini: 152
Ilustrații: 64 line illus. 4 tables.
Dimensiuni: 165 x 243 x 20 mm
Greutate: 0.39 kg
Editura: Princeton University Press
Locul publicării:Princeton, United States
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Notă biografică
Paul De Grauwe is professor of international economics at the London School of Economics and Political Science. He is the author or coauthor of several books, including The Exchange Rate in a Behavioral Finance Framework (Princeton) and Economics of Monetary Union.
Descriere
Explains the fluctuations of economic activity that are an endemic feature of market economies. This title argues for a different macroeconomics model - one that works with an internal explanation of the business cycle and factors in agents limited cognitive abilities.