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The Money Illusion
- Market Monetarism, the Great Recession, and the Future of Monetary Policy
Engelsk Hardback
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The Money Illusion
- Market Monetarism, the Great Recession, and the Future of Monetary Policy
Engelsk Hardback

422 kr
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Om denne bog
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Forgoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.
Product detaljer
Sprog:
Engelsk
Sider:
392
ISBN-13:
9780226773681
Indbinding:
Hardback
Udgave:
ISBN-10:
022677368X
Kategori:
Udg. Dato:
3 sep 2021
Længde:
32mm
Bredde:
235mm
Højde:
164mm
Forlag:
The University of Chicago Press
Oplagsdato:
3 sep 2021
Forfatter(e):
Books from the same author
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