The financial crisis: What is there to learn?

Tadeusz Kowalski and Yochanan Shachmurove

Global Finance Journal, 2011, vol. 22, issue 3, 238-247

Abstract: Many are currently studying the origins of the financial crisis in an attempt to answer two seemingly simple questions: why did it happen, and can another crisis be prevented? Those two questions have proved incredibly divisive. The majority opinion of The United States Financial Crisis Inquiry Commission was submitted with two dissenting positions. Furthermore, The 2010 Economic Report of the United States President does not perfectly align with any opinion presented in that report. Few studies, however, provide proper consideration to the evolution of macroeconomic thought and lengthening of the business cycle preceding the current crisis.

Keywords: Financial crises; Keynesian theory; Adaptive expectations; Rational expectations; Monetary and fiscal policies; Regulations; United States; China; Euro (search for similar items in EconPapers)
JEL-codes: B0 E0 F0 G0 H0 O0 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:22:y:2011:i:3:p:238-247

DOI: 10.1016/j.gfj.2011.10.014

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