Monetary Policy, Financial Crises, and the Macroeconomy

Festschrift for Gerhard Illing

  • Frank Heinemann
  • Ulrich Klüh
  • Sebastian Watzka

Table of contents

  1. Front Matter
    Pages i-viii
  2. Frank Heinemann, Ulrich Klüh, Sebastian Watzka
    Pages 1-16
  3. Liquidity From a Macroeconomic Perspective

  4. Putting Theory to Work: Macro-Financial Economics from a Policy Perspective

  5. Re-Conceptualizing Macroeconomics: An Interdisciplinary Perspective

  6. Back Matter
    Pages 351-351

About this book


This volume investigates different aspects of monetary policy and prevention of financial crises. It discusses some recently suggested measures for central banks' responses to liquidity shortages and to the liquidity trap, methods for assessing the potential of crisis contagion via the interbank network, and the interaction between micro- and macro-prudential regulation. It compares different approaches for solving the Eurozone sovereign-debt problem and provides a new and intriguing explanation for rising income inequality. The authors are experts on monetary policy, financial crises, and contract theory from different European universities and central banks.


Bank Regulation Financial Crises Liquidity Risk Macroeconomics Monetary Policy

Editors and affiliations

  • Frank Heinemann
    • 1
  • Ulrich Klüh
    • 2
  • Sebastian Watzka
    • 3
  1. 1.Chair of MacroeconomicsTechnische Universität BerlinBerlinGermany
  2. 2.Darmstadt Business SchoolHochschule DarmstadtDarmstadtGermany
  3. 3.IMK - Macroeconomic Policy InstituteHans-Böckler-FoundationDüsseldorfGermany

Bibliographic information

Industry Sectors
Finance, Business & Banking