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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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Reconstructing Keynesian Macroeconomics Volume 3 - Macroeconomic Activity, Banking and Financial Markets (Paperback)
Loot Price: R1,549
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Reconstructing Keynesian Macroeconomics Volume 3 - Macroeconomic Activity, Banking and Financial Markets (Paperback)
Series: Routledge Frontiers of Political Economy
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This book represents the third of three volumes offering a complete
reinterpretation and restructuring of Keynesian macroeconomics and
a detailed investigation of the disequilibrium adjustment processes
characterizing the financial, the goods and the labour markets and
their interaction. This book offers a full treatment of the
interlinkages between the real and the financial markets, including
an analysis of banking, credit, and endogenous money and asset
markets. It remains critical of quite frequently used conventional
macro models that have dropped the tradition of studying the
macroeconomic feedback channels, well-known in the history of
macroeconomics. Those feedback mechanisms are known to have the
potential for instabilities with respect to real markets, price
dynamics and financial markets. In this volume a particular
emphasis is given to the financial-real interaction. The research
in this book with its focus on Keynesian propagation mechanisms
provides a unique alternative to the black-box shock-absorber
approaches that dominate modern macroeconomics. The main conclusion
of the work is that policy makers need to reconsider Keynesian
ideas, but in the modern form in which they are expressed in this
volume. Reconstructing Keynesian Macroeconomics will be of interest
to students and researchers who want to look at alternatives to the
mainstream macrodynamics that emerged from the Monetarist critique
of Keynesianism. This book will also engage central bankers and
macroeconomic policy makers.
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