Kirman, Alan P. - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 4, pp. 498-535
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...
