Tag Archives for uncertainty

Psychic losses and economics

Alberto Montagnoli and Mirko Moro

New research shows that banking crises have a long-term scarring effect on individuals The shock of a financial crisis manifestly imposes a considerable burden both on economies and individuals.  There inevitably exists an extensive literature on the economic costs and the channels through which these crises impact on the functioning of the financial markets and the real economy via credit … Continue reading

7 January 2015 by
Categories: British growth crisis, Economics, Finance, Global crisis, Social science, SPERI Comment, Welfare | Tags: , , | Leave a comment