The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold...

How can macroeconomic tail risks originating from financial vulnerabilities be monitored systematically over time? This question lies at the heart of operationalising the macroprudential policy regimes that have developed around the world in response to the global financial crisis. Using...

"The financial crisis brought the world to the brink of economic breakdown. But now bankers' bonuses are back, house prices are rising again and politicians promise recovery - all this while unemployment remains high, debts mount, frictions with China grow and the planet overheats. Is this...