What’s so bad about bubbles?
June 29th, 2009The presumption is that financial bubbles are super-why-didn’t-you-stupid-macro-people-predict-it-and-prevent-it bad. Guillermo Calvo says not so fast.
I like the Rawlsian robustness check.
Sharpening my knife
The presumption is that financial bubbles are super-why-didn’t-you-stupid-macro-people-predict-it-and-prevent-it bad. Guillermo Calvo says not so fast.
I like the Rawlsian robustness check.