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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.

Produktbeschreibung
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.
Autorenporträt
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.