The paper explores the link between financial sentiment and private debt, using Keynes’s A Treatise on Money as a conceptual backdrop. In responding to his critics after the publication of his General Theory Keynes famously talked about unexpected, violent changes in conventional asset...

To celebrate its 80th anniversary DIW Berlin organised on 8 and 9 December 2005 a conference centred on two themes. The first dealt with the methods and performance of forecasting. The second discussed scenarios for the future of Europe and its major economies. A selection of the contributions...