Economia
As causas frequentemente mencionadas são ideologia errada (free markets), modelos macroeconômicos irrelevantes (DSGE) e corrupção dos economistas acadêmicos que vendem pesquisa para o sistema financeiro. Raghu Rajan não concorda com esta avaliação e aponta outra causa mais relevante:
"The meager professional rewards for breadth, coupled with the inaccuracy and reputational risk associated with forecasting, leads to disengagement for most academics. And it may well be that academic economists have little to say about short-term economic movements, so that forecasting, with all its errors, is best left to professional forecasters.
The danger, though, is that disengagement from short-term developments leads academic economists to ignore medium-term trends that they can address. If so, the true reason why academics missed the crisis could be far more mundane than inadequate models, ideological blindness, or corruption and thus far more worrisome; many simply were not paying attention!"
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In an op-ed for the New York Times, Harvard professor N. Gregory Mankiw wrote:“My favorite proposal is to require banks, and perhaps a broad class of financial institutions, to sell contingent debt that can be converted to equity when a regulator deems...
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Did Capitalism Fail? The Financial Crisis Five Years On Did the global economic collapse in 2008 stem from structural failures in the capitalist system? During his keynote address to the European Financial Congress, Institute Advisory Board member Roman...
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"I do consider it the task of academic economists, however, to represent the claims of reason, no matter what their short-run effectiveness. Public opinion, which today may in truth hamper a reasonable policy, is not set in stone, and I am afraid that...
- Política De Demanda Agregada
"... Barack Obama’s top economic adviser has urged world leaders to pump more public money into the economy in a co-ordinated effort to boost demand and lift the world out of recession. In an interview with the Financial Times, Lawrence Summers said...
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Corridas bancárias do séc. XXI são diferentes, como explica Tyler Cowen: "The new complication is that bank deposits are no longer the dominant form of modern short-term finance. The modern bank run means a rush to withdraw from money market funds,...
Economia
Por Que Economistas Não Conseguiram Prever a Crise?
As causas frequentemente mencionadas são ideologia errada (free markets), modelos macroeconômicos irrelevantes (DSGE) e corrupção dos economistas acadêmicos que vendem pesquisa para o sistema financeiro. Raghu Rajan não concorda com esta avaliação e aponta outra causa mais relevante:
"The meager professional rewards for breadth, coupled with the inaccuracy and reputational risk associated with forecasting, leads to disengagement for most academics. And it may well be that academic economists have little to say about short-term economic movements, so that forecasting, with all its errors, is best left to professional forecasters.
The danger, though, is that disengagement from short-term developments leads academic economists to ignore medium-term trends that they can address. If so, the true reason why academics missed the crisis could be far more mundane than inadequate models, ideological blindness, or corruption and thus far more worrisome; many simply were not paying attention!"
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- Mankiw’s Favorite Proposal And The Futility Of Cute Ideas
In an op-ed for the New York Times, Harvard professor N. Gregory Mankiw wrote:“My favorite proposal is to require banks, and perhaps a broad class of financial institutions, to sell contingent debt that can be converted to equity when a regulator deems...
- Raízes Da Crise
Did Capitalism Fail? The Financial Crisis Five Years On Did the global economic collapse in 2008 stem from structural failures in the capitalist system? During his keynote address to the European Financial Congress, Institute Advisory Board member Roman...
- O Que Tem A Fazer
"I do consider it the task of academic economists, however, to represent the claims of reason, no matter what their short-run effectiveness. Public opinion, which today may in truth hamper a reasonable policy, is not set in stone, and I am afraid that...
- Política De Demanda Agregada
"... Barack Obama’s top economic adviser has urged world leaders to pump more public money into the economy in a co-ordinated effort to boost demand and lift the world out of recession. In an interview with the Financial Times, Lawrence Summers said...
- Corridas Bancárias Do Séc. Xxi
Corridas bancárias do séc. XXI são diferentes, como explica Tyler Cowen: "The new complication is that bank deposits are no longer the dominant form of modern short-term finance. The modern bank run means a rush to withdraw from money market funds,...