Macroeconomics of growth cycles and financial instability / Piero Ferri.
Material type:
TextSeries: New directions in modern economicsPublication details: Cheltenham, UK ; Northampton, MA : Edward Elgar, c2011.Description: xvii, 195 p. : ill. ; 24 cmISBN: - 9781849809160 (hbk.)
- 184980916X (hbk.)
- 338.542 22
- HB3711 .F47 2011
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Includes bibliographical references (p. 174-189) and index.
pt. 1. The background -- 1. Dynamics in the medium run -- 2. Financial instability -- 3. Macroeconomics, uncertainty and the fallacies of composition -- 4. Heterogeneity and the status of macroeconomics -- pt. 2. The markets -- 5. The nature of the labor market -- 6. The role of imperfect competition -- 7. Policies versus self-adjustment -- pt. 3. Endogenous dynamics -- 8. A dynamic macro model -- 9. Uncertainty, expectations and learning -- 10. Inflation, deflation and the Phillips curve -- pt. 4. Growth cycles, income share and the financial instability hypothesis -- 11. A growth cycle model -- 12. The role of labor share -- 13. Towards a stochastic switching -- pt. 5. Concluding remarks -- 14. Lessons -- 15. The task ahead.
This book considers the important interaction between cycles and growth, via the interplay between demand, supply and real-world financial issues.
rua 11/10/13
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