000			01912nam a22001937a 4500
005			20240328154510.0
008			240224b |||||||| |||| 00| 0 eng d
020			_a9780691221106
082			_a330.156 _bBRU
100			_aBrunnermeier, Markus K. _916361
245			_aA Crash course on crises: _bmacroeconomic concepts for run-ups, collapses, and recoveries
260			_bPrinceton University Press _aNew Jersey _c2023
300			_avii, 123 p.
365			_aUSD _b35.00
520			_a With alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them. Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent. With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework. (https://press.princeton.edu/books/hardcover/9780691221106/a-crash-course-on-crises)
650			_aMacroeconomics _913270
700			_aReis, Ricardo _916362
942			_cBK _2ddc
999			_c6161 _d6161