Financial assets debt and liquidity crises a Keynesian approach First Edition by Willi Semmler, Peter Flaschel, Carl Chiarella, Matthieu Charpe ISBN 978-1107546660 1107546664

Financial assets debt and liquidity crises a Keynesian approach First  Edition by Willi Semmler, Peter Flaschel, Carl Chiarella, Matthieu Charpe- Ebook PDF Instant Download/Delivery: 978-1107546660, 1107546664
Full download Financial assets debt and liquidity crises a Keynesian approach First  Edition  after payment

Product details: 

ISBN 10: 1107546664

ISBN 13: 978-1107546660

Author: Willi Semmler, Peter Flaschel, Carl Chiarella, Matthieu Charpe 

The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007–2009 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets.

Table of contents: 

1. Financial Crises and the Macroeconomy

Part I – The Non-Linear Dynamics of Credit and Debt Default
2. Currency Crisis, Credit Crunches and Large Output Loss
3. Mortgage Loans, Debt Default and the Emergence of Banking Crises
4. Debt Deflation and the Descent into Economic Depression

Part II – Theoretical Foundations for Structural Macroeconometric Model Building
5. Keynesian Macroeconometric Model Building: A Point of Departure
6. Intensive Form and Steady State Calculations
7. Partial Feedback Structures and Stability Issues

Part III – Debt Crises: Firms, Banks and the Housing Markets
8. Debt Deflation: From Low to High Order Macrosystems
9. Bankruptcy of Firms, Debt Default and the Performance of Banks
10. Japan’s Institutional Configuration and Its Financial Crisis
11. Housing Investment Cycles, Workers’ Debt and Debt Default

People also search for:

    
are debts assets
    
financial assets and their markets
    
debt assets examples
    
unrelated debt-financed income (udfi)
    
financial assets definition ucc

Tags: Willi Semmler, Peter Flaschel, Carl Chiarella, Matthieu Charpe, Financial assets, liquidity crises