The Financial Crisis and Macroeconomic Activity: 2008-2013
نویسندگان
چکیده
منابع مشابه
Update on the Financial Crisis of 2008–???
In an earlier paper in this journal (Murphy, 2009), I explained the nature of the financial crisis of 2008 and how the effects of it would be very costly long-term because of the failure of government policies to deal with it effectively. Here I provide an important update and perspective for the future. As I indicated in a brief report published in October 2008 in the Oakland Press (Murphy, 20...
متن کاملThe Financial Crisis of 2008 and the Developing Countries
Following the financial crisis that broke in the US and other Western economies in late 2008, there is now serious concern about its impact on the developing countries. The world media almost daily reports scenarios of gloom and doom, with many predicting a deep global recession. This paper critically discusses this and concludes that as far as the developing countries are concerned, a bit more...
متن کاملPsychology and the Financial Crisis of 2007 - 2008
I discuss some ways in which ideas from psychology may be helpful for thinking about the financial crisis of 2007-2008. I focus on three aspects of the crisis: the surge in house prices in the years leading up to 2006; the large positions in subprime-linked securities that many banks had accumulated by 2007; and the dramatic decline in value of many risky asset classes during the crisis period....
متن کاملSynchrony in Broadband Fluctuation and the 2008 Financial Crisis
We propose phase-like characteristics in scale-free broadband processes and consider fluctuation synchrony based on the temporal signature of significant amplitude fluctuation. Using wavelet transform, successful captures of similar fluctuation pattern between such broadband processes are demonstrated. The application to the financial data leading to the 2008 financial crisis reveals the transi...
متن کاملThe Current Macroeconomic Crisis
Professor Crotty once casually observed that in his view economics could not be properly thought of as a science. This paper investigates the implications of this view in light of the question of how the scienti c method has recently contributed to the evolution of economic practice. It is argue that agent-based models might provide a platform for an integration of recent micro and macroeconomi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2416825