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008191105t20192019enka ob 001 0 eng d
019 ▼a 1156982323
020 ▼a 9780192568366 ▼q electronic book
020 ▼a 0192568361 ▼q electronic book
020 ▼a 9780192568359 ▼q electronic book
020 ▼a 0192568353 ▼q electronic book
020 ▼z 9780198832324 ▼q hardcover ; ▼q alk. paper
020 ▼z 019883232X ▼q hardcover ; ▼q alk. paper
035 ▼a 2282128 ▼b (N$T)
035 ▼a (OCoLC)1126315474 ▼z (OCoLC)1156982323
040 ▼a N$T ▼b eng ▼e rda ▼e pn ▼c N$T ▼d YDXIT ▼d YDX ▼d EBLCP ▼d OCLCQ ▼d OCL ▼d OCLCO ▼d MUU ▼d 248032
049 ▼a MAIN
050 4 ▼a HB74.P8
08204 ▼a 339.019 ▼2 23
084 ▼a QC 300 ▼0 (DE-625)141265: ▼2 rvk
1001 ▼a Grauwe, Paul de, ▼e author.
24510 ▼a Behavioural macroeconomics : ▼b theory and policy / ▼c Paul de Grauwe and Yuemei Ji. ▼h [electronic resource]
250 ▼a First edition.
260 ▼a Oxford : ▼b Oxford University Press, ▼c 2019.
300 ▼a 1 online resource (xi, 260 pages) : ▼b illustrations
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
5050 ▼a Introduction -- Part I: The basics. The need for a new approach in macroeconomic modelling -- The basic behavioural model -- Inertia in macroeconomic variables -- Non-normality in the output gap -- How are shocks transmitted? -- Simple and complex rules -- Part II: Applications. Optimal monetary policies -- Inflation targets and the zero lower bound -- Monetary policy and structural reforms -- Fiscal policy, output stabilization, and debt sustainability -- Banks and monetary policy -- Synchronization of business cycles
5208 ▼a "Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside. Behavioural Macroeconomics: Theory and Policy uses a different paradigm. It assumes that individual agents experience cognitive limitations preventing them from having rational expectations. Instead these individuals use simple rules of behaviour. 0Behavioural Macroeconomics introduces rationality by allowing individuals to learn from their mistakes and to switch to the rules that perform better. It introduces the idea of endogenously generated "animals spirits" that drive the business cycle and are in turn influenced by it, and applies this model to shed new light on a number of important issues. It analyses the role of fiscal policy in stabilizing the economy while maintaining debt sustainability; expands the model to include a banking sector and show how banks amplify the booms and busts; and explains how animal spirits help to synchronize the business cycles across countries. The model set out in Behavioural Macroeconomics leads to very different policy implications from the mainstream macroeconomic model. It shows how policymakers have a responsibility to stabilize an otherwise unstable system"--Publisher's description.
588 ▼a Description based on online resource; title from resource home page (ProQuest Ebook Central, viewed February 9, 2021).
590 ▼a Master record variable field(s) change: 050
650 0 ▼a Economics ▼x Psychological aspects.
650 0 ▼a Macroeconomics ▼x Psychological aspects.
650 0 ▼a Macroeconomics ▼x Methodology.
650 7 ▼a Economics ▼x Psychological aspects. ▼2 fast ▼0 (OCoLC)fst00902172
650 7 ▼a Macroeconomics ▼x Methodology. ▼2 fast ▼0 (OCoLC)fst01005230
650 7 ▼a Verhaltenssteuerung ▼2 gnd
650 7 ▼a Wirtschaftliches Verhalten ▼2 gnd
650 7 ▼a Makroo?konomie ▼2 gnd
655 4 ▼a Electronic books.
7001 ▼a Ji, Yuemei, ▼e author.
77608 ▼i Print version: ▼a Grauwe, Paul de. ▼t Behavioural macroeconomics. ▼b First edition. ▼d New York, NY : Oxford University Press, 2019 ▼z 9780198832324 ▼w (DLC) 2019941377 ▼w (OCoLC)1099270046
85640 ▼3 EBSCOhost ▼u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2282128
938 ▼a ProQuest Ebook Central ▼b EBLB ▼n EBL6121918
938 ▼a EBSCOhost ▼b EBSC ▼n 2282128
938 ▼a YBP Library Services ▼b YANK ▼n 300919992
990 ▼a 관리자
994 ▼a 92 ▼b N$T