Andrei Shleifer and Nicola Gennaioli

Two myths of the 2008 meltdown

CAMBRIDGE – Over the last decade, research by many economists, including us, arrived at a broadly shared narrative of the 2008-2009 financial crisis. As we describe in our new book, A Crisis of Beliefs: Investor Psychology and Financial Fragility, the fundamental cause of the crisis was...

Friday, September 28, 2018, 9:39 PM