Arbeitspapier
The financial crisis: What have macroeconomists learnt?
I outline a simple roadmap for work in micro-founded models. Rather than abandoning the route to further micro-foundations and returning to ad hoc economics, the techniques we have used over the past two decades to develop micro-founded business cycle models will allow us to develop models with meaningful financial frictions and thus address once again the question of monetary and fiscal policies with active rather then passive financial sectors. Macroeconomics and finance are likely to remain bound together.
- Language
-
Englisch
- Bibliographic citation
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Series: School of Economics Discussion Papers ; No. 10,12
- Classification
-
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Monetary Policy
Central Banks and Their Policies
- Subject
-
future of macroeconomics
DSGE models
crisis
- Event
-
Geistige Schöpfung
- (who)
-
Chadha, Jagjit S.
- Event
-
Veröffentlichung
- (who)
-
University of Kent, School of Economics
- (where)
-
Canterbury
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Chadha, Jagjit S.
- University of Kent, School of Economics
Time of origin
- 2010
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