| 000 -LEADER |
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| fixed length control field |
02668nam a22002777a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20191011134503.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
191011b ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
978-0-691-14739-0 |
| 040 ## - CATALOGING SOURCE |
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| Transcribing agency |
IZA |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
De Grauwe, Paul |
| 9 (RLIN) |
4806 |
| 245 ## - TITLE STATEMENT |
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| Title |
Lectures on Behavioral Macroeconomics |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
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| Place of publication, distribution, etc. |
Princeton, |
| Name of publisher, distributor, etc. |
Princeton Univ. Press, |
| Date of publication, distribution, etc. |
2012 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
136 pages |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
<br/><br/>Hardcover<br/><br/>Price:<br/> $47.95 / £37.00<br/>ISBN:<br/><br/>Published:<br/> 10/13/2012<br/>Copyright:<br/> 2013 <br/>Pages:<br/> 152 <br/>Size:<br/> 6 x 9.25 in.<br/>Illus:<br/> 64 line illus. 4 tables. <br/><br/>ebook<br/><br/>Price:<br/> $47.95 / £37.00<br/>ISBN:<br/><br/>Published:<br/> 10/13/2012<br/>Copyright:<br/> 2013 <br/>Pages:<br/> 152 <br/>Size:<br/> 6 x 9.25 in.<br/>Illus:<br/> 64 line illus. 4 tables. <br/><br/>Buy This<br/><br/> Download Cover<br/><br/> Overview<br/> Author(s)<br/> Reviews 3<br/><br/>In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices by rational agents leads to cyclical movements. In this book, Paul De Grauwe argues for a different macroeconomics model — one that works with an internal explanation of the business cycle and factors in agents’ limited cognitive abilities. By creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better able to explain the fluctuations of economic activity that are an endemic feature of market economies. This new approach illustrates a richer macroeconomic dynamic that provides for a better understanding of fluctuations in output and inflation.<br/><br/>De Grauwe shows that the behavioral model is driven by self-fulfilling waves of optimism and pessimism, or animal spirits. Booms and busts in economic activity are therefore natural outcomes of a behavioral model. The author uses this to analyze central issues in monetary policies, such as output stabilization, before extending his investigation into asset markets and more sophisticated forecasting rules. He also examines how well the theoretical predictions of the behavioral model perform when confronted with empirical data. |
| 653 ## - INDEX TERM--UNCONTROLLED |
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| Uncontrolled term |
macroeconomics |
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| Uncontrolled term |
behavioral economics |
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| Uncontrolled term |
behavior |
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| Uncontrolled term |
macroeconomic model |
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| Uncontrolled term |
behavioral model |
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| Uncontrolled term |
economic fluctuations |
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| Uncontrolled term |
business cycle |
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| Uncontrolled term |
macroeconomic dynamics |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
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| Uniform Resource Identifier |
<a href="https://press.princeton.edu/books/hardcover/9780691147390/lectures-on-behavioral-macroeconomics">https://press.princeton.edu/books/hardcover/9780691147390/lectures-on-behavioral-macroeconomics</a> |
| Link text |
Publisher's website |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Source of classification or shelving scheme |
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| Koha item type |
Monography |
