Bubbles lead to long-term instability

Macroeconomics, Finance and Money: Essays in Honour of Philip Arestis

Volumn , Issue , 2010, Pages 179-195

  Karakitsos, Elias ^a  

^a Ctr Soc/Econ Res Global Environ   (United Kingdom)

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EID: 85015497853     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1057/9780230285583     Document Type: Chapter

References (13)

1. Arestis, P. (2007), 'What is the New Consensus in Macroeconomics?', in P. Arestis (ed.), Is There a New Consensus in Macroeconomics?, Palgrave Macmillan: Houndmills, Basingstoke.
2. Arestis, P. and Karakitsos, E. (2004), The Post-Bubble US Economy: Implications for Financial Markets, Palgrave Macmillan: London and New York.
3. Arestis, P. and Karakitsos, E. (2008) 'Unemployment and the Natural Interest Rate in a Neo-Wicksellian Model', in P. Arestis and J. McCombie (eds) Unemployment: Past and Present, Palgrave Macmillan: London and New York.
4. Arestis, P. and Karakitsos, E. (2009), 'Subprime Mortgage Market and Current Financial Crisis', in P. Arestis, P. Mooslechner and K. Wagner (eds), Housing Market Challenges in Europe and the United States: Any Solutions Available?, Palgrave Macmillan: Houndmills, Basingstoke.
5. Fontana, G. (2006), 'The 'New Consensus' View of Monetary Policy: A New Wickselian Connection?', Levy Economics Institute Working Paper No. 476, New York: Levy Economics Institute of Bard College.
6. Goodhart, C.A.E. (2004), 'Review of Interest and Prices by M. Woodford', Journal of Economics, 82(2), 195-200.
7. Karakitsos, E. (2009), 'The "New Consensus Macroeconomics" in the Light of the Current Crisis', Economia, forthcoming.
8. Leamer, E. (2007), 'Housing Is the Business Cycle', Symposium sponsored by the Federal Reserve Bank of Kansas City Aug 30 - Sep 1, Jackson Hole, Wyoming, 1-74.
9. Rottemberg, J.J. and Woodford, M. (1995), 'Dynamic General Equilibrium Models with Imperfectly Competitive Product Markets', in T.J. Cooley (ed.) Frontiers of Business Cycle Research , 243-93, Princeton University Press: Princeton.
10. Rotemberg, J.J. and Woodford, M. (1997), 'An Optimization-Based Econometric framework for the Evaluation of Monetary Policy', NBER Macroeconomics Annual 1997, 297-346, National Bureau of Economic Research: Cambridge, MA.
11. Wicksell, K. (1898), Geldzins und Güterpreise, Verlag Gustav Fischer: Frankfurt.
12. R.F. Kahn (1965), Interest and Prices, Kelley: New York.
13. Woodford, M. (2003), Interest and Prices, Princeton University Press: Princeton.