{"product_id":"a-crash-course-on-crises-macroeconomic-concepts-for-runups-collapses-and-recoveries-markus-k-brunnermeier-9780691223186","title":"A Crash Course on Crises – Macroeconomic Concepts for Run–Ups, Collapses, and Recoveries","description":"An incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alikeWith 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.","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":50197544567072,"sku":"9780691223186","price":20.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0753\/2812\/7264\/files\/9780691223186.jpg?v=1785277012","url":"https:\/\/bookcorner.com\/products\/a-crash-course-on-crises-macroeconomic-concepts-for-runups-collapses-and-recoveries-markus-k-brunnermeier-9780691223186","provider":"The Book Corner","version":"1.0","type":"link"}