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An Assessment of the Credit Crisis Solutions
Credit, financial crises banks other depository institutions
2009/12/31
The paper reviews and assesses the various models that have been suggested for resolving the current credit crisis. It is argued that policymakers are inclined to adopt the ‘business-as-usual’ model m...
The Lessons from the Current Crisis for Macro-theory and Policy
Wealth effect natural rate of interest real profit rate
2009/8/31
This paper questions the validity of the New Consensus Macroeconomics (NCM) or Neo-Wicksellian model in explaining the recent credit crisis and dealing with it from a policy perspective. It attempts t...