Macroeconomic Policy Since the Financial Crisis
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A01=Dr. Matteo Iannizzotto
A01=Matteo Iannizzotto
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Author_Dr. Matteo Iannizzotto
Author_Matteo Iannizzotto
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Category1=Non-Fiction
Category=JPP
Category=KCA
Category=KCB
Category=KCBM
COP=United Kingdom
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economic modelling
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fiscal policy
Goodhart's law
Great Financial Crisis
Great Moderation
Hyman Minsky
inflation
Keynesianism
Knut Wicksell
Language_English
Modern Monetary Theory
monetarism
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Phillips curve
post-crash economics
Price_€50 to €100
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Product details
- ISBN 9781788216548
- Dimensions: 170 x 240mm
- Publication Date: 03 Oct 2023
- Publisher: Edinburgh University Press
- Publication City/Country: GB
- Product Form: Hardback
- Language: English
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Economic policymakers use various macroeconomic models, but how reliable are they in real-world conditions? Starting from the premise that all models are wrong, but some are useful, Matteo Iannizzotto introduces and explains the workings of the key economic models available for policymaking. He shows that the inconsistencies and contradictions evident in the real world require the economist to make choices about which models to adopt in certain circumstances and when not to rigidly adhere to a single approach.
The book uses a clear and critical step by step analysis to consider the strengths and weaknesses of each model, in a way that enables students to develop their own critical engagement with macroeconomic policymaking. In so doing, the book provides an understanding of the world economy’s fluctuations since the global financial crisis that embraces the uncomfortable fact that inconsistency and the need for a multiplicity of models is central to macroeconomic policy choices.
For the many students bewildered by the disconnect between the models in their textbooks and the policy choices so hotly debated in the press, the book will be essential reading.
Matteo Iannizzotto is Associate Professor in Macroeconomics at Durham University.
