A study in monetary macroeconomics / Stefan Homburg.

The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. This text refines and improves mainstream approaches to contribute to a better understanding of the monetary and fiscal policies that have been complicated by low-interest rates and super-expa...

Full description

Saved in:
Bibliographic Details
Main Author: Homburg, Stefan, 1961- (Author)
Format: eBook
Language:English
Published: Oxford, United Kingdom : Oxford University Press, 2017.
Subjects:
Online Access:Click for online access

MARC

LEADER 00000cam a2200000Mi 4500
001 ocn979727859
003 OCoLC
005 20241006213017.0
006 m o d
007 cr |n|||||||||
008 170327s2017 enk ob 001 0 eng d
040 |a YDX  |b eng  |e rda  |e pn  |c YDX  |d N$T  |d EBLCP  |d N$T  |d OCLCF  |d AZU  |d CSAIL  |d FIE  |d OH1  |d OCL  |d U3W  |d DKU  |d STBDS  |d CEF  |d KSU  |d BRX  |d OTZ  |d LVT  |d WYU  |d OCLCQ  |d CQ$  |d OL$  |d OCLCQ  |d OCLCA  |d OCLCQ  |d UKAHL  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCL  |d OCLCQ  |d CUS 
019 |a 980100831  |a 980518158  |a 980686128  |a 981086788  |a 981184122  |a 993071784  |a 1000331017  |a 1003596526  |a 1008641919  |a 1024172789  |a 1066692899  |a 1079789521  |a 1097151394  |a 1097663974 
020 |a 9780191845451  |q (electronic bk.) 
020 |a 0191845450  |q (electronic bk.) 
020 |a 9780192534545  |q (electronic bk.) 
020 |a 0192534548  |q (electronic bk.) 
020 |z 9780198807537 
020 |z 0198807538 
035 |a (OCoLC)979727859  |z (OCoLC)980100831  |z (OCoLC)980518158  |z (OCoLC)980686128  |z (OCoLC)981086788  |z (OCoLC)981184122  |z (OCoLC)993071784  |z (OCoLC)1000331017  |z (OCoLC)1003596526  |z (OCoLC)1008641919  |z (OCoLC)1024172789  |z (OCoLC)1066692899  |z (OCoLC)1079789521  |z (OCoLC)1097151394  |z (OCoLC)1097663974 
050 4 |a HB141 
050 4 |a HB172.5  |b .H6554 2017 
072 7 |a BUS  |x 069000  |2 bisacsh 
072 7 |a BUS  |x 055000  |2 bisacsh 
049 |a HCDD 
100 1 |a Homburg, Stefan,  |d 1961-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJjhGvG7MH6Wxx9m7m3mh3 
245 1 2 |a A study in monetary macroeconomics /  |c Stefan Homburg. 
264 1 |a Oxford, United Kingdom :  |b Oxford University Press,  |c 2017. 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
505 0 |a Cover; A Study in Monetary Macroeconomics; Copyright; Contents; List of Figures and Tables; Key Symbols; Chapter 1: Introduction; Chapter 2: Framework; 2.1 General Structure; Commodities; Credit; Labor; Money; 2.2 Expectations; 2.3 Central Bank; 2.4 Producers; 2.5 Consumers; 2.6 Temporary Equilibrium; 2.7 Setup for Simulations; Chapter 3: Traditional Topics; 3.1 Basic Lessons; 3.1.1 Quantity Theory of Money; 3.1.2 Fisher Effect; 3.1.3 Erratic Expectations; 3.1.4 Superneutrality; 3.1.5 Forced Saving and Distributive Justice; 3.1.6 Welfare; 3.2 Arguable Lessons. 
505 8 |a 3.2.1 Endogenous Money and Interest Pegs3.2.2 Tobin Effect; 3.2.3 Money Irrelevance; 3.2.4 Interest on Money; 3.2.5 Digression on RE; 3.3 Fiscal Policy; 3.3.1 Superneutrality Revisited; 3.3.2 Ricardian Equivalence; 3.3.3 Leviathan; 3.3.4 Debt Monetization; 3.4 Wage Rigidities; 3.4.1 Employment Trap; 3.4.2 Phillips Curve; 3.4.3 Policy Implications; 3.5 Price Rigidities; 3.5.1 Liquidity Effect; 3.5.2 Deterministic Business Cycles; 3.5.3 The Limit Economy; Chapter 4: Constrained Credit; 4.1 Liquidity Traps; The Puzzle; Zero Lower Bound; 4.2 Borrowing Constraint; Sticky Prices and Wages. 
505 8 |a 4.3 Policy ImplicationsQuantitative Easing; Forward Guidance; Financial Repression; Stealth Crowding-out; 4.4 Evaluation; 4.5 Conclusion; Chapter 5: Net Worth; 5.1 Entrepreneurs; 5.2 Corporations; 5.3 Stock Manias; 5.4 Limited Leverage; Credit and Prices; Escaping from a Liquidity Trap; Endogenous Borrowing Limits; 5.5 Fisherian Debt-deflations; Chapter 6: Real Estate; 6.1 Empirical Overview; 6.2 Modeling Real Estate; 6.3 Dynamic Inefficiency; 6.4 Quasi-Ricardian Equivalence; 6.5 Housing Manias; 6.6 A Housing Cycle; Chapter 7: Commercial Banks; 7.1 Institutional Background. 
505 8 |a 7.2 Traditional Banking Model7.3 Funds Rate Determination; The Target Funds Rate; 7.4 Excess Reserves; Leverage Requirement; 7.5 Interest on Reserves; 7.6 Currency and the Money Base; 7.7 Conclusion; Chapter 8: Methods; 8.1 Expectations; 8.2 Intertemporal Choice; 8.3 Modeling Money; 8.4 Labor Supply; 8.5 Price Determination; Appendices; A Producer Behavior; B Consumer Behavior; C Walras' Law; D Existence; E Superneutrality; F Fiscal Model; G Borrowing Constraints; H Net Worth; I Real Estate; J Commercial Banks; K Matlab Sample Codes; References; Index. 
520 |a The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. This text refines and improves mainstream approaches to contribute to a better understanding of the monetary and fiscal policies that have been complicated by low-interest rates and super-expansive monetary policies. 
504 |a Includes bibliographical references (pages 189-200) and index. 
588 0 |a Online resource; title from digital title page (Oxford, viewed September 4, 2024). 
650 0 |a Macroeconomics  |x Mathematical models. 
650 0 |a Equilibrium (Economics) 
650 0 |a Monetary policy. 
650 7 |a BUSINESS & ECONOMICS  |x Economics  |x General.  |2 bisacsh 
650 7 |a BUSINESS & ECONOMICS  |x Reference.  |2 bisacsh 
650 7 |a Equilibrium (Economics)  |2 fast 
650 7 |a Macroeconomics  |x Mathematical models  |2 fast 
650 7 |a Monetary policy  |2 fast 
650 7 |a Makroökonomie  |2 gnd 
650 7 |a Geldpolitik  |2 gnd 
776 0 8 |i Print version:  |z 9780198807537  |z 0198807538  |w (OCoLC)974846651 
856 4 0 |u https://holycross.idm.oclc.org/login?auth=cas&url=https://academic.oup.com/book/26858  |y Click for online access 
903 |a OUP-SOEBA 
994 |a 92  |b HCD