CORDIS Project
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This project investigates the causes and consequences of the 2007-2009 economic crisis, focusing on factors like asset prices, unemployment spread, and international financial distress. It aims to draw policy implications from historical analysis to better understand economic fluctuations and their social impacts.
Up until 2006 most macro-economists held the view that combination of technology and monetary factors could explain the bulk of business cycles, and that overall business cycle fluctuations were not a major source of concern for policy (at least in developed economies and in the post-war).
The 2007-2009 crisis and its aftermath has radically shaken this view.
First, most industrialized countries have experienced the largest and more synchronized downturn since the great depression and neither p…
UNIVERSITA COMMERCIALE LUIGI BOCCONI
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