Slaughter of the Innocents
AbstractMartin Neil Baily and Douglas J. Elliott's narrative--that a decline in risk aversion was the ultimate cause of the financial crisis--accounts for much of the risk taking that was observed in the period leading up to the crisis, but in the end it is no more than an interesting theory.
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Bibliographic InfoPaper provided by American Enterprise Institute in its series Working Papers with number 31148.
Date of creation: Nov 2010
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taking; slaughter; risks; peter; neil; Martin; innocents; financial; elliott; douglas; crisis; caused; baily; economic outlook ; The central role of government in the housing boom and bust;
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