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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 3 | leftPrevious Review Next Review right

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Book(s) Reviewed

Lectures on Behavioral Macroeconomics by Paul De Grauwe

Published By: Princeton and Oxford: Princeton University Press
ISBN: 978-0-691-14739-0
Date of Publication: 2012


Book Review Detail

Reviewed by: Domenico Delli Gatti of Department of Economics and Finance, Universita Cattolica del Sacro Cuore, Milano
Review DOI: 10.1257/jel.51.3.883.r4
Review Pages: 888-90

Book Review Abstract

Domenico Delli Gatti of Department of Economics and Finance, Universita Cattolica del Sacro Cuore, Milano reviews, "Lectures on Behavioral Macroeconomics" by Paul De Grauwe. The Econlit abstract of this book begins: "Explores new ways of thinking about the macroeconomy and considers why output and inflation fluctuate in the real world. Discusses a behavioral macroeconomic model; the transmission of shocks; trade-offs between output and inflation variability; flexibility, animal spirits, and stabilization; animal spirits and the nature of macroeconomic shocks; stock prices and monetary policy; extensions of the basic model; and empirical issues. De Grauwe is Professor of International Economics at the London School of Economics and Political Science."


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Book Review Authors

Domenico Delli Gatti of Department of Economics and Finance, Universita Cattolica del Sacro Cuore, Milano


JEL Classifications

D03: Behavioral Economics: Underlying Principles
E00: Macroeconomics and Monetary Economics: General
E23: Macroeconomics: Production
E31: Price Level; Inflation; Deflation
E32: Business Fluctuations; Cycles
E44: Financial Markets and the Macroeconomy
E52: Monetary Policy


Journal of Economic Literature


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