Forte Antonio and Pesce Giovanni have just released their survey of economists on the causes and consequences of the current financial unpleasantness. I'll update with a link once the paper's up on REPEC. 772 economists, academic and otherwise, answered the survey at the end of 2008. Results on causes of the crisis, split by respondent location:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjflRzwVJjBbOC2HTJQrrLuAgq65nORdsHy9sgkxpBI444i5EurFw7oBTJvtdG5r9OLccxHbrdz3kJ17-p9SwdtBTFFtjMCahYxiBhYg32Try5stLZCKpC_CGhtNABZcTvG8MYcVgr_cZM/s400/subprime.JPG)
Pretty easy to quibble about whether the housing market bubble ought to be counted as a Fed Reserve problem or a market problem, but as Tyler points out,
nobody forces you to put the bananas on your roof even if they're subsidized.
The more depressing results are here.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtGKyw9IQ2L6HnSrbCpd1Eapa9643DOOUTww38xaky8rtp_ijinGOZLCN2Irbs3gdo18vH5XxGD5w2cUYXiuz4TfUqgBD0_yEDKckVuCp_EPHlwiir9zl127eWx3y9pmgCRjYsBGJqELg/s400/consequences.JPG)
Crisis is the health of the state.
No comments:
Post a Comment