The Crisis: Basic Mechanisms and Appropriate Policies
Author(s)Blanchard, Olivier Jean
THE CRISIS: BASIC MECHANISMS AND APPROPRIATE POLICIES
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The purpose of this lecture is to look beyond the complex events that characterize the global financial and economic crisis, identify the basic mechanisms, and infer the policies needed to resolve the current crisis, as well as the policies needed to reduce the probability of similar events in the future.
DepartmentMassachusetts Institute of Technology. Department of Economics
Ifo Institute for Economic Research
Blanchard, Olivier. "The Crisis: Basic Mechanisms and Appropriate Policies". CESifo Forum, 1/2009.
IMF Working Paper 09-01