Massachusetts Institute of Technology Press in November published the joint director of the Growth and Business Research Center of Manchester University in the United Kingdom、Professor Pierre-Richard Agénor (Pierre-Richard Agénor) 's new book "Increase financial friction into bet365 live casino games monetary policy and macro-prudential supervision"。This book comprehensively analyzes how to explain financial friction in the macroeconomic model of monetary policy and macro -prudential supervision。

Since the global financial crisis in 2008，The economics world begins to re -emphasize，When designing a macroeconomic model for currency and macro -prudential policy analysis，The important impact of financial friction should be fully considered。Based on a large number of academic documents and research based on the past ten years，Ajino provided a set of theoretical bet365 best casino games and quantitative macroeconomic models that incorporated financial friction，It is used to discuss a series of problems accompanied by the economic crisis。These problems include: how the financial system enlarge and spread economic shock elsewhere; why the financial system itself may become a source of total fluctuations; when the central bank executes monetary policy，To what extent it should be responsible for financial stability; whether central banks and regulators of various countries should coordinate their policies，to promote the stability of macroeconomic Bet365 lotto review and finance; at the international level，How to coordinate the counter -cycle macro -prudential policy，Then reduce the overflow of transnational financial overflow。

The book focuses on the middle and upper -income level countries，Although their economic structure characteristics are different from developed economies，Long -term policy challenges are also different，But some insights and macro policy experience in the book also have reference meaning for developed economies。

(Wang Youran/Compilation)