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Titlebook: Critique of the New Consensus Macroeconomics and Implications for India; Dilip M. Nachane Book 2018 Springer Nature India Private Limited

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書目名稱Critique of the New Consensus Macroeconomics and Implications for India
編輯Dilip M. Nachane
視頻videohttp://file.papertrans.cn/241/240199/240199.mp4
概述Presents a systematic and balanced critique of the New Consensus Macroeconomics.Discusses both theoretical aspects and the corresponding policy implications.Suggests a profound re-orientation of curre
叢書名稱India Studies in Business and Economics
圖書封面Titlebook: Critique of the New Consensus Macroeconomics and Implications for India; Dilip M. Nachane Book 2018 Springer Nature India Private Limited
描述.The thought-provoking book presents alternative viewpoints to mainstream macroeconomic theory, questions conventional policy wisdom and suggests a systematic re-orientation of current macroeconomic and financial regulatory policies in India..The New Consensus Macroeconomics (NCM), which established itself in the 1980s as mainstream macroeconomics, essentially represents an “uneasy truce” between two dominant schools of economic thought viz. New Classical and Neo-Keynesian economics. The NCM sets the tone for much of the macroeconomic (especially monetary) policy followed by the advanced economies in the period of the Great Moderation (1990–2005). The recent global crisis has posed a major challenge to the NCM as empirical models based on the NCM failed to anticipate the occurrence of the crisis and later its extent and severity. . .The above considerations constitute the underpinnings of this book, which addresses the theoretical controversies within a general context and their policy implications for India. The authors’ analysis leads to a somewhat critical assessment of the financial sector policies followed in India since the initiation of reforms in 1991. This makes the book a
出版日期Book 2018
關(guān)鍵詞Global Crisis; Macroeconomic Policy; New Consensus Macroeconmics; Rational Expectations Hypothesis; Effi
版次1
doihttps://doi.org/10.1007/978-81-322-3920-8
isbn_ebook978-81-322-3920-8Series ISSN 2198-0012 Series E-ISSN 2198-0020
issn_series 2198-0012
copyrightSpringer Nature India Private Limited 2018
The information of publication is updating

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The Resurgence of Neoclassicism,p. But this was not accompanied by any decrease in unemployment rates as the Keynesian Phillips curve analysis, so popular at that time, would have led us to expect. Against this background, the earlier criticisms launched by Friedman (J Polit Econ 78(2):193–238, .) against the Keynesianism then pre
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New Classical Economics and Real Business Cycle Theory,he late 1970s. The new classical school shares with Friedman’s monetarism, three features—a profound belief in the self-corrective properties of markets and a corresponding distrust of Keynesian interventionist policies (widely prevalent in the late 1960s and 1970s), a denial of the existence of a l
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Inception of the Global Crisis in the USA, economic theory and policy. This chapter delves into the causes of the extent and severity of the crisis. In particular, we try to understand the factors responsible for triggering and perpetuating the crisis in the USA. The latter portion of the chapter is devoted to an evaluation of the policies
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Austrian Business Cycle Theory and the GFC, of a comeback in the wake of the Global Crisis, with many analysts believing that the facts of the crisis seem to uncannily follow the pattern set out by the theory. The general Austrian school philosophy is that market economies (grounded firmly in an institutional setting of the rule of law and p
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