{"product_id":"9780691223186-crash-course-on-crises","title":"A Crash Course on Crises","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eMacroeconomic Concepts for Run-Ups, Collapses, and Recoveries\u003cbr\u003e\u003cp\u003e\u003cb\u003eAn incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alike\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eWith 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. \u003ci\u003eA Crash Course on Crises\u003c\/i\u003e 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.\u003cbr\u003e\u003cbr\u003eEach 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.\u003cbr\u003e\u003cbr\u003eWith case studies ranging from Chile in the 1970s to the COVID-19 pandemic, \u003ci\u003eA Crash Course on Crises\u003c\/i\u003e synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":55595723096438,"sku":"9780691223186","price":18.04,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/stand_34107784_f14f9f76-2ad0-4c3b-aeee-08cce43b524a.jpg?v=1746708296","url":"https:\/\/www.rarewaves.com\/products\/9780691223186-crash-course-on-crises","provider":"Rarewaves.com","version":"1.0","type":"link"}