ABSTRACT
The financial crisis of 2007 required the economics discipline to thoroughly re-evaluate its prevailing theories about economic cycles and economic growth. With a focus on Europe, this volume identifies the latest strands of research on business cycles, monetary theory, the evolution of social policies and public spending, and the institutional context of the European Union. It also considers whether these new ideas could have helped us avoid the crisis, and how they might reshape the current economic paradigm.
This book will be of interest to advanced students and researchers in European economics, macroeconomics and economic history.
TABLE OF CONTENTS
part I|58 pages
Developments in business cycle theory
chapter 2|40 pages
Business cycle to 2008’s crisis
part II|82 pages
Monetary and fiscal policies
chapter 4|18 pages
From 1980s onwards, new emerging forms of money facing monetary theory
chapter 5|26 pages
The limitations of national budgetary deficits and other Eurozone rules
chapter 6|18 pages
Social spending as a driver of economic growth
part III|72 pages
Economic thought and political confrontation