Money Matters: Some Puzzles, Anomalies and Crises in the Standard Macroeconomic
24,45 €
This book discusses the shortcomings of the standard macroeconomic model (SMM). The SMM failed to explain the real world and anticipate the global financial crises. The main reason for these failures was the lack, in the SMM, of any role of money and the way the financial sector works.
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