Great recession, the: market failure or policy failure?
Auteur :
Hetzel, Robert L.
Éditeur :
Cambridge University Press
ISBN :
9781107459601
Date de publication :
30 oct. 2014
Dimensions :
22,9 x 15,2 x 2,3 cm
Poids :
590 g
Format :
Trade paperback (US)
Langue :
Anglais
Pays d'origine :
Grande Bretagne
The 2008–9 recession destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations, reviving credit-cycle explanations of recession that dominated nineteenth- and early twentieth-century thinking. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation.