Macroeconomic Policy Since the Financial Crisis

Economic policymakers use macroeconomic models to make decisions, but how reliable are they in real-world conditions? Matteo Iannizzotto's book explores the strengths and weaknesses of these models and encourages students to develop their critical engagement with policymaking. It provides an understanding of the world economy's fluctuations since the global financial crisis, embracing the inconsistency and need for a multiplicity of models.

Format: Hardback
Length: 240 pages
Publication date: 03 October 2023
Publisher: Agenda Publishing

Macroeconomic models are employed by economic policymakers to guide their decision-making, but their reliability in real-world conditions remains a subject of debate. While acknowledging that all models are flawed, Matteo Iannizzotto argues that some can be useful. In his book, he introduces and explains the key economic models available for policymaking, highlighting their inconsistencies and contradictions. Iannizzotto emphasizes the need for economists to make informed choices about which models to adopt in specific circumstances and when to deviate from strict adherence to a single approach.

The book employs a clear and critical step-by-step analysis to evaluate the strengths and weaknesses of each model, enabling students to develop their own critical engagement with macroeconomic policymaking. By embracing the uncomfortable reality of inconsistency and the necessity of using a multiplicity of models, the book provides a comprehensive understanding of the fluctuations in the global economy since the global financial crisis.

This book is particularly valuable for students who are bewildered by the disconnect between the models presented in their textbooks and the policy choices that are widely debated in the press. It serves as a valuable resource for those seeking to gain a deeper understanding of macroeconomic policy and its implications for the world economy.

Dimension: 240 x 170 (mm)
ISBN-13: 9781788216548