It is 2011 with North America and Europe struggling to emerge from a recession that left many without work and saw many more millions in the United States lose their homes . What I want to know is why didn’t economists see this happening? Why did they fail to raise the alarm bells?
Give Causes of the Global Financial Crisis and why economists failed to predict it. These are the course notes for the topic, so basically based on what it says. Ideally using sources from that list.
Why is it so difficult to estimate the effect of Government spending on the economy and how have economists addressed the problems? Please refer to the RBC and new keynesian models. Please read and use the attached file as the base for this essay. Not all of the attached file, is relevant, such as the […]
