00000cam a2200000 i 4500 UP-99796217613217969 Buklod 20220922112556.0 aa r ||| u ta 220922s2015 xx d |||| || | 9780199655793 (pbk.) (iLib)UPD-00429665725 Econ-34362 7,822.55 php Econ 103 Prof. Ma. Christina F. Epetia DLC DECON rda eng DMLUC HB 172.5 C35 2015 Carlin, Wendy author. Macroeconomics institutions, instability, and the financial system Wendy Carlin, David Soskice. Oxford Oxford University Press [2015] xl, 638 pages illustrations 25 cm. text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (pages 615-628) and index. The demand side -- The supply side -- The 3-equation model and macroeconomic policy -- Expectations -- Money, banking and the macro-economy -- The financial sector and crises -- The global financial crisis : applying the models -- Growth, fluctuations and innovation -- The 3-equation model in the open economy -- The open economy : the demand and supply sides -- Extending the open economy model : oil shocks and imbalances -- The Eurozone -- Monetary policy -- Fiscal policy -- Supply-side policy, institutions and unemployment -- Real Business Cycle and New Keynesian models. "Macroeconomics: Institutions, Instability, and the Financial System integrates the modern monetary framework--based on the 3-equation model of the demand side, the supply side, and the policy maker--with a model of the financial system. The authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone crisis. The text guides the reader through the three principal steps required to integrate the financial system within the macroeconomic model.Every chapter emphasizes how the different actors in the economy behave and interact: what are they trying to achieve and what limits their ability to put their intentions into practice? This is extended to the modelling of growth, where the role of innovation rents in the Schumpeterian model is highlighted. It is essential that students understand previous periods of growth, stability and crisis in preparing for future shocks. With this in mind, the book enables the reader to interpret long run historical data and to compare institutional detail in different eras and across the world."--Provided by publisher. Macroeconomics. Soskice, David W. 1942- author. Book FO UPD DECON HB 172.5 C35 2015 Book