The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. This text refines and improves mainstream approaches to contribute to a better understanding of the monetary and fiscal policies that have been complicated by low-interest rates and super-expansive monetary policies.
The financial crisis of 2007 and the following recession present a major challenge to macroeconomic theory. This text refines and improves mainstream approaches to contribute to a better understanding of the monetary and fiscal policies that have been complicated by low-interest rates and super-expansive monetary policies.
Stefan Homburg is the Director of the Institute of Public Finance at Leibniz University Hannover, where he also a professor. He has previously held professorships at Bonn University and Magdeburg University as well as acting as a member of the Advisory Council at the Federal Ministry of Finance and the Federal Constitutional Commission.
Inhaltsangabe
1: Introduction 2: Framework 3: Traditional topics 4: Constrained credit 5: Net worth 6: Real estate 7: Commerical banks 8: Methods