Behavioural Macroeconomics: Theory and Policy - Image 1

£49.00

Oxford University Press Behavioural Macroeconomics: Theory and Policy

Name: Behavioural Macroeconomics: Theory and Policy
Brand: Oxford University Press
Price: 49.0 GBP
Availability: InStock

Macroeconomics

Same price for 26 weeks. Today is much like next week.

£49 for 181 days straight · last change was Aug 2025

NEW HERE?

Amazon shows you one price. We show you all of them.

Tosheroon watches Amazon prices so you don't have to. Every product on Amazon has a price history — we make it visible. Set the price you'd actually pay, and we'll email you the second it gets there. No app, no account, one email.

WHAT'S ON THIS PAGE

↓ Price chart
when this has been cheap or pricey

↓ Forecast
where the price is heading next

↓ Statistics
all-time high & low, recent range

↑ Price alert
name your number, we'll email you

Price History & Forecast

Grey patches = out of stock. Cheaper = lower on the chart. Hover for exact prices.

Last 600 days • 600 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 600 days • 6 price levels

Days at Price

Current Price

Price Analysis

Most common price: £37 (271 days, 45.2%)

Price range: £37 - £52

Price levels: 6 different prices over 600 days

Description

Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very shallow theory of the business cycle in which nothing happens in the macroeconomy unless shocks occur from outside. Behavioural Macroeconomics: Theory and Policy uses a different paradigm. It assumes that individual agents experience cognitive limitations preventing them from having rational expectations. Instead these individuals use simple rules of behaviour. Behavioural Macroeconomics introduces rationality by allowing individuals to learn from their mistakes and to switch to the rules that perform better. It introduces the idea of endogenously generated "animals spirits" that drive the business cycle and are in turn influenced by it, and applies this model to shed new light on a number of important issues. It analyses the role of fiscal policy in stabilizing the economy while maintaining debt sustainability; expands the model to include a banking sector and show how banks amplify the booms and busts; and explains how animal spirits help to synchronize the business cycles across countries. The model set out in Behavioural Macroeconomics leads to very different policy implications from the mainstream macroeconomic model. It shows how policymakers have a responsibility to stabilize an otherwise unstable system.

Product Specifications

Brand: Oxford University Press
Format: Hardcover
ASIN: 019883232X
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 25 October 2019
Listed Since: 24 April 2019

Barcode

No barcode data available

Oxford University Press Behavioural Macroeconomics: Theory and Policy

Same price for 26 weeks. Today is much like next week.

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Structuralist and Behavioral Macroeconomics

Essentials of Advanced Macroeconomic Theory (Routledge Advanced Texts in Economics and Finance)

Essentials of Advanced Macroeconomic Theory (Routledge Advanced Texts in Economics and Finance)

Macroeconomics: An Active Learning Approach

Macroeconomics and Business: An Interactive Approach (Itbp Acquisitions Series)

Macroeconomics

Advanced Macroeconomics: A Primer: Second Edition

Experiments in Macroeconomics: 17 (Research in Experimental Economics, 17)

Theory of Macroeconomic Policy

Practical Macroeconomics for Non-Economists: A Question-and-Answer Approach

Macroeconomics in Context: A European Perspective

Principes de macroéconomie

Phoenix Economics: From Crisis to Renascence (Global Economic Studies: Global Recession - Causes, Impacts and Remedies)

Rethinking Macroeconomics: A History of Economic Thought Perspective

Handbook of Macroeconomics (Volume 1A)

Macroeconomic Fluctuations and Policies

Macroeconomics at the Service of Public Policy

Dynamic Macroeconomics (The MIT Press)

Macroeconomics

Macroeconomic Theory

Macroeconomic Paradigms and Economic Policy: From the Great Depression to the Great Recession

Intermediate Macroeconomics: A Statistical Approach

Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Macroeconomics