Money in the Great Recession: Did a Crash in Money Growth Cause the Global Slump? (a review)

Book Reviews
December 2017 | Vol. 12 | No. 1 | 1 page
Source: CFA Institute
Tim Congdon
Nick Ronalds (Reviewer)

Summary

In this important contribution to the literature, noted monetary macroeconomists argue that the global financial crisis of 2007–2008 was caused by a crash in money growth. The stakes for policymakers and practitioners in the analysis of this period are high. We must correctly understand the causes of the crisis if we are to avoid repeating the same mistakes.

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Topics
  • Economics:
    • Aggregate Demand and Aggregate Supply
    • ·
    • The Macroeconomics of an Open Economy
    • ·
    • The Monetary System
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