Titolo
Some thoughts on the macroeconomics of the global financial and economic crisis
Periodico
Ministero dell'Economia e delle Finanze. Dipartimento del Tesoro. Note tematiche
Anno: 2010 - Volume: 7 - Fascicolo: 4 - Pagina iniziale: 1 - Pagina finale: 13

The recent 2008-09 crisis has been analyzed from different perspectives. Some authors pointed out the role of microeconomic factors while others concentrated on international and policy issues. This note examines the causes and consequences of the crisis from a broad macroeconomic perspective, which potentially encompasses alternative explanations. It proposes the conjecture that widespread increase in the attitude to take risks was at the roots of most of the events. It also considers indicators and forecasts, to detect some early signals of structural changes both for advanced and emerging countries. Finally, it gives some caveats regarding the economic policy response adopted in reaction to the crisis.



Testo completo: http://www.dt.tesoro.it/export/sites/sitodt/modules/documenti_it/analisi_progammazione/note_tematiche/NT_n._4_2010.pdf

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