Browsing MWP Lecture Series by Subject "global imbalances"

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Browsing MWP Lecture Series by Subject "global imbalances"

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    Title: The Great Moderation, the Great Panic and the Great Contraction  Author(s): BEAN, Charles Date: 2010 Type of Publication: Technical Report Series/Report no.: EUI MWP LS Abstract: This lecture examines the causes of the recent financial crisis and subsequent recession. On the macroeconomic side, the Great Moderation encouraged an overly optimistic assessment of risk. Combined with low interest rates, ...