Category: great recession

Tirole on the #GFC as a textbook financial crisis

Only rational expectations macroeconomics can explain self-fulfilling crises

V.V. Chari testifies on the evolution of modern macroeconomics

35 years later: Diamond-Dybvig model of bank runs

V.V. Chari testifies on modern macroeconomics and information prerequisites to predicting the GFC

V.V. Chari testifies on the information assumptions of modern macroeconomics and the risk of financial crises