Re-thinking macro policy:
Joseph Stiglits, Davis Romer, Oliver Blanchard at Columbia University, New York, and co-host of the Conference on Rethinking Macro Policy II: First Steps and Early Lessons.
Posted on May 3, 2013 by iMFdirect http://blog-imfdirect.imf.org/
post by: Joseph E. Stiglitz
In analyzing the most recent financial crisis, we can benefit somewhat from the misfortune of recent decades. The approximately 100 crises that have occurred during the last 30 years—as liberalization policies became dominant—have given us a wealth of experience and mountains of data. If we look over a 150 year period, we have an even richer data set.