Society, Politics & Law
Economics and the 2008 crisis: a Keynesian view
...changes in economic variables influence the more immediate and the future economic response. As Charlie Bean, the deputy governor of the Bank of England in the early 2010s, puts it, 'people describe the steering of the economy like driving a car when all you can do is look through the rear view mirror'. [Described image] Figure 1 So, any claims as to what will happen in...