Open AccessIs the economic crisis over (and out)?
Author(s) -
Karim M. Abadir
Publication year - 2011
Publication title -
review of economic analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.101
H-Index - 1
ISSN - 1973-3909
DOI - 10.15353/rea.v3i2.1457
Subject(s) - predictability , recession , macro , economics , great recession , keynesian economics , macroeconomics , computer science , physics , quantum mechanics , programming language
This note analyzes the recent global recession: its causes, the predictability of the timing of its start and of its end, and the implications for macro policy. These follow from the general-equilibrium macro model of Abadir and Talmain (2002) and its implications for a new type of macroeconometrics. The note also proposes some banking regulations, and presents prospects for the future.