{"product_id":"9780691221106","title":"A Crash Course on Crises : Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries","description":"\u003cp\u003eAn incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alike\u003c\/p\u003e\n\n\u003cp\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. 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.\u003c\/p\u003e\n\n\u003cp\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.\u003c\/p\u003e\n\n\u003cp\u003eWith 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.\u003c\/p\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":46006414114895,"sku":"00000_00000_00000_00000","price":1295.0,"currency_code":"TWD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0672\/9174\/2287\/files\/9780691221106-1.jpg?v=1783037282","url":"https:\/\/kinokuniya.com.tw\/products\/9780691221106","provider":"Books Kinokuniya Taiwan","version":"1.0","type":"link"}