Saturday, September 24, 2016

Blanchard post crisis with a lag

"we all knew that there were “dark corners” – situations in which the economy could badly malfunction. But we thought we were far away from those corners, and could for the most part ignore them"

Yes this is doc B circa 2014 
V the doc B of 2010 

A recognition
" we" have to do more then " move on with a stiff upper lip
And just  more variants of DSGE