Asset Prices, Booms and Recessions: Financial Market, Economic Activity and the Macroeconomy

Rating:
Summary: Excellent and Intense!
Review: No one who has lived through the last ten years can not have realized how tightly the economy has become coupled to the financial marketplace. Prof. Semmler has gone beyond that realization and has undertaken to examine the actual mechanics by which it occurs. In this excellent and intense introduction, current macroeconomic-financial models are explored; the reader will quickly appreciate how asset price booms and subsequent recessions actually work. Semmler's style is "to the point" and his enthusiasm for his subject is contagious. Anyone with an advanced undergraduate understanding of economics, as well as financial professionals, and scientists and engineers with a curiosity about macroeconomics and the financial marketplace will thoroughly enjoy this book.