Showing 1 - 10 of 181
The economic crisis is also a crisis for economic theory. Most analyses of the evolution of the crisis invoke three themes, contagion, networks and trust, yet none of these play a major role in standard macroeconomic models. What is needed is a theory in which these aspects are central. The...
Persistent link: https://www.econbiz.de/10012680645
Persistent link: https://www.econbiz.de/10003763176
Persistent link: https://www.econbiz.de/10003350930
Persistent link: https://www.econbiz.de/10003353140
Persistent link: https://www.econbiz.de/10003890028
Persistent link: https://www.econbiz.de/10003870448
Persistent link: https://www.econbiz.de/10003447504
Persistent link: https://www.econbiz.de/10003375653
Persistent link: https://www.econbiz.de/10003934338
This article examines, in the light of recent events, the origins of the difficulties that current macroeconomic models have in encompassing the sort of sudden crisis which we are currently observing. The reasons for this are partly due to fundamental problems with the underlying General...
Persistent link: https://www.econbiz.de/10008809503