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This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
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contains several idealistic assumptions that could be violated in the real world where some technologies may not be fully … available, technology transfers and diffusion are imperfect, some world regions may not accept to reduce their GHG emissions …
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