![]() Sneessens, Henri ![]() Article for general public (2017) Modelling financial markets remains a main challenge in current macroeconomic theory. This paper summarizes the main difficulties and reasons why financial aspects were not included earlier in ... [more ▼] Modelling financial markets remains a main challenge in current macroeconomic theory. This paper summarizes the main difficulties and reasons why financial aspects were not included earlier in macroeconomic models. It describes the main modelling strategies adopted so far, from financial accelerator models to financial intermediation and banking crises. It also discusses briefly different interpretations of the Great Recession. [less ▲] Detailed reference viewed: 130 (5 UL) |
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