crises and economic recessions. I propose a brief history of the 2008 crisis and insist on the loss of confidence within the … confidence: the failure of the Federal Reserve Board to abide by its mission; the ill-advised political interventions in mortgage … confidence and move out of a bad and stable economic equilibrium. Considering data on gross job creation and loss in the US …

-period framework, and demonstrate that the goal level set for period 1, together with success or failure, can affect the self-confidence …

financial crisis and economic recession. I consider a brief history of the crisis and insist on the loss of confidence within … the banking and financial sector, which propagated later to the real sector. I discuss ways to rebuild confidence and move …