"No one saw this coming": understanding financial crisis through accounting models
"This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees,...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Munich
2010
MPRA |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19184161124919023439-No-one-saw-this-coming-underst.htm |
| _version_ | 1771659897283280900 |
|---|---|
| author | Bezemer, Dirk J. |
| author_facet | Bezemer, Dirk J. |
| collection | Library items |
| description | "This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees, and includes case studies of both types of models. It so provides constructive recommendations on revising methods of financial stability assessment. Overall, the paper is a plea for research into the link between accounting concepts and practices and macro economic outcomes." |
| format | TEXT |
| id | 19184161124919023439_e2816cc9660a4556babe8be149ab8aa5 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19184161124919023439_e2816cc9660a4556babe8be149ab8aa5 |
| is_hierarchy_title | "No one saw this coming": understanding financial crisis through accounting models |
| language | English |
| physical | 50 p. Digital |
| publishDate | 2010 |
| publisher | Munich MPRA |
| spellingShingle | Bezemer, Dirk J. accounting economic recession forecast macroeconomics "No one saw this coming": understanding financial crisis through accounting models |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=115629193380 |
| title | "No one saw this coming": understanding financial crisis through accounting models |
| topic | accounting economic recession forecast macroeconomics |
| url | https://www.labourline.org/KENTIKA-19184161124919023439-No-one-saw-this-coming-underst.htm |