Brunnermeier, Markus K. and Reis, Ricardo 
ORCID: 0000-0003-4844-9483
(2023)
A crash course on crises: macroeconomic concepts for run-ups, collapses , and recoveries.
Princeton University Press, Princeton, NJ.
ISBN 9780691221106
Abstract
With 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. A Crash Course on Crises 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. Each 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. With case studies ranging from Chile in the 1970s to the COVID-19 pandemic, A Crash Course on Crises synthesizes a vast literature into ten simple, accessible ideas and illuminates these concepts using novel diagrams and a clear analytical framework.
| Item Type: | Book |
|---|---|
| Additional Information: | © 2023 by Princeton University Press. |
| Divisions: | Economics |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 12 Jun 2025 13:51 |
| Last Modified: | 24 Jul 2025 19:27 |
| URI: | http://eprints.lse.ac.uk/id/eprint/128389 |
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