000 02338 a2200337 4500
001 1317300092
005 20250317111620.0
008 250312042016GB 27 eng
020 _a9781317300090
037 _bTaylor & Francis
_cGBP 47.99
_fBB
040 _a01
041 _aeng
072 7 _aKCP
_2thema
072 7 _aKCA
_2thema
072 7 _aJP
_2thema
072 7 _a1D
_2bisac
072 7 _aKCP
_2bic
072 7 _aKCA
_2bic
072 7 _aJP
_2bic
072 7 _a1D
_2bisac
072 7 _aBUS000000
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072 7 _aBUS069000
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072 7 _a339.53094
_2bisac
100 1 _aMogens Ove Madsen
245 1 0 _aMacroeconomics After the Financial Crisis
_bA Post-Keynesian perspective
250 _a1
260 _aOxford
_bRoutledge
_c20160414
300 _a216 p
520 _bHow should Europe cope with the negative and still unfolding economic consequences of the current economic crisis? And why does Europe seem to be more conservative than the USA in dealing with the crisis? Since the outbreak of the current international economic crisis in 2008, the USA and many of the European countries have been tormented by high levels of unemployment and low levels of inflation, interest rates close to zero and fiscal policies of austerity. As such, the modern economic mainstream has been challenged by these empirical facts. Today, several years after the outbreak of the international economic crisis, supply side effects do not seem to be increasing employment as the modern mainstream claimed they would. Aggregate demand has to play a more important role in macroeconomic analysis than hitherto. That is, there is a need for alternative explanations of how a modern macro economy is expected to function and how the macroeconomic outcome could be manipulated by the right economic policy proposals. As expressed by the contents of the present book, a Post Keynesian understanding proposes such an alternative theoretically, methodologically and in terms of policy measures. This book will present new materials and approaches, especially new evidence and new views on the potential problems of public debt, the European Union and the present crisis, Central Banking, hysteresis in an agent based framework, the foundations of macroeconomics and the problems of uncertainty.
700 1 _aFinn Olesen
_4B01
999 _c5738
_d5738