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
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."