by
Matthieu Charpe, Carl Chiarella, Peter Flaschel
Language: English
Release Date: July 21, 2011
The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007–9 it was the credit sector and the real-estate sector that were the main...