What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery?

I had to make a post out of this, just for the title of the paper !

Authored by Alan S. Blinder from Princeton University

This is the abstract:

This paper comes in three parts. Part 1 reviews a few pertinent facts about the stunning economic events that have occurred in the United States (and elsewhere) since 2007. I choose these particular facts from among many for their relevance to the rest of the paper. The next two parts take up, first, some of the key lessons that we professional economists should have learned from the crisis and its aftermath and, second, some important lessons for teaching economics–especially but not exclusively macroeconomics. The two categories of lessons overlap a bit. But is it perhaps surprising how different they are.

And here is the link to the full paper !


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