Lectures on Behavioral Macroeconomics

Lectures on Behavioral Macroeconomics

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39.33 Lectures on Behavioral Macroeconomics http://covers.feedbooks.net/item/306196.jpg?t=1404529755 http://www.feedbooks.com/item/306196/lectures-on-behavioral-macroeconomics?utm_medium=uwishlist&utm_source=amazon

In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices by rational agents leads to cyclical movements. In this book, Paul De Grauwe argues for a different macroeconomics model--one that works with an internal explanation of the business cycle and factors in agents' limited cognitive… (more)

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Book Details  

Publisher: Princeton University Press (October 14, 2012)

Format: EPUB

Page count: 160 pages

File size: 5 MB

Protection: DRM

Language: English

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