Overview
- Revised and updated 4th edition
- Discusses post-COVID global monetary and financial policy
- Covers the role of Modern Monetary Theory (MMT) in COVID recovery plans
Part of the book series: Springer Texts in Business and Economics (STBE)
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Table of contents (12 chapters)
Keywords
About this book
This book is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies. Significantly updated for the fourth edition, the text provides an understanding of the global economy in the wake of the COVID crisis, discussing topics such as pandemic related supply and demand-side shocks, the role of Modern Monetary Theory (MMT) in financing COVID rescue plans, the effect of the US, India, Eurozone and China’s post-COVID economies on emerging and transitioning economies, and the resurgence of inflation. This edition includes deeper coverage on the issue of budget deficit sustainability and on trade wars, especially in a global context, and revisits the life cycles of speculative asset price (SAP) bubbles, especially in the housing markets and in SPACs.
The fourth edition contains several brand-new cases and media articles that are carefully positioned to relate explicitly to theory, and to look aheadto and preempt global macro situations and polices in the years to come. MBA students and Executive MBA students who appreciate the importance of monetary and fiscal analysis will find this text to be right on target. Financial analysts and individual investors who need to strip away economic myths and jargon and systematically examine and understand the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the book extremely useful.
Authors and Affiliations
About the author
Dr. Langdana is a professor in the Finance and Economics Department at Rutgers Business School, and also the director of the globally ranked and highly regarded Rutgers Executive MBA (EMBA) Program. He has been director since 1997. The subject, Economics, in Rutgers EMBA has been ranked #2 in the world by Financial Times, four times in a row.
Dr. Langdana's areas of specialization include monetary and fiscal theory and international trade and global macroeconomic policy. His research deals with macroeconomic experimentation and the role of stabilization policy in an expectations-driven economy. He has published several articles as well as five books in this area.
Dr. Langdana is the recipient of the Horace dePodwin Research Award and more than 35 teaching awards, including the highest possible teaching award at Rutgers University -- the Warren I. Susman Award. He also has received Rutgers Business School's Paul Nadler Award for Excellence in Teaching. From 2011 to 2013, the Award for Excellence in teaching in the MBA Program was named the Farrokh Langdana Teaching Excellence Award. Currently, a classroom at Rutgers Business School has been named after him. Farrokh has taught in the US, France, India, China, Singapore and Iceland.
Bibliographic Information
Book Title: Macroeconomic Policy
Book Subtitle: Demystifying Monetary and Fiscal Policy
Authors: Farrokh K. Langdana
Series Title: Springer Texts in Business and Economics
DOI: https://doi.org/10.1007/978-3-030-92058-6
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-92057-9Published: 05 April 2022
Softcover ISBN: 978-3-030-92060-9Published: 06 April 2023
eBook ISBN: 978-3-030-92058-6Published: 04 April 2022
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 4
Number of Pages: XXIII, 343
Number of Illustrations: 2 b/w illustrations, 84 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy, Economic Theory/Quantitative Economics/Mathematical Methods