{"product_id":"a-crash-course-on-crises-macroeconomic-concepts-for-run-ups-collapses-and-recoveries-9780691223186","title":"A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries","description":"\u003cp\u003e\u003cb\u003eAn incisive overview of the macroeconomics of financial crises--essential reading for students and policy experts alike\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eWith alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. \u003ci\u003eA Crash Course on Crises\u003c\/i\u003e brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them. \u003cp\u003e\u003c\/p\u003eEach of the book's ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent. \u003cp\u003e\u003c\/p\u003eWith case studies ranging from Chile in the 1970s to the COVID-19 pandemic, \u003ci\u003eA Crash Course on Crises\u003c\/i\u003e synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMarkus K. Brunnermeier\u003c\/b\u003e is the Edwards S. Sanford Professor of Economics at Princeton University. His books include \u003ci\u003eThe Resilient Society\u003c\/i\u003e and \u003ci\u003eThe Euro and the Battle of Ideas\u003c\/i\u003e (Princeton). \u003cb\u003eRicardo Reis\u003c\/b\u003e is the A. W. Phillips Professor of Economics at the London School of Economics. He is a winner of the 2021 Yrj? Jahnsson Award and advises many central banks.\u003cbr\u003e","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":51298373075218,"sku":"9780691223186","price":22.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_4181a834-9a62-41b0-94a4-c6cccc81ca29.jpg?v=1747818122","url":"https:\/\/surprise-castle.myshopify.com\/products\/a-crash-course-on-crises-macroeconomic-concepts-for-run-ups-collapses-and-recoveries-9780691223186","provider":"Surprise Castle","version":"1.0","type":"link"}