Catte, Pietro; Cova, Pietro; Pagano, Patrizio; Visco, … - In: Journal of Policy Modeling 33 (2011) 6, pp. 787-803
This paper argues that the lack of timely and decisive policy action to correct domestic and external imbalances contributed crucially to the build-up of financial excesses that led to the financial crisis and the Great Recession. We focus on 2002–2007 and perform a number of counterfactual...
