Comments on Claudio Borio and “The Financial Cycle and Macroeconomcis: What Have We Learnt?”
Summary: The ghost of Minsky haunts this treatment of boom and bust. Also Edmund Phelps sets up a Friedmanesqe straw man to argue with.
Summary: The ghost of Minsky haunts this treatment of boom and bust. Also Edmund Phelps sets up a Friedmanesqe straw man to argue with.