Is the economic crisis over (and out)?
AbstractThis note analyzes the recent global recession: its causes, the predictability of the timing of its start and of its end, and the implications for macro policy. These follow from the general-equilibrium macro model of Abadir and Talmain (2002) and its implications for a new type of macroeconometrics. The note also proposes some banking regulations, and presents prospects for the future.
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