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  • 标题:The crisis of exogeneity
  • 本地全文:下载
  • 作者:T. PADOA-SCHIOPPA
  • 期刊名称:Moneta e Credito
  • 印刷版ISSN:2037-3651
  • 出版年度:1982
  • 卷号:35
  • 期号:138
  • 出版社:Associazione Economia civile
  • 摘要:The work departs from the traditional view of economic shocks as emerging from natural or exogenous forces. In depicting the possible causes of future crisis during the 80s the origin of risk must at least partly be trace back to human action. This is a consequence of the increased interconnectedness of the Western industrialised economies, which make it crucial to understand how each player reacts to each others actions. A major consequence is that risk now concerns not only unexpected events, but even the possibility to use and the effectiveness of economic policy instruments.
  • 关键词:Economic shocks; crisis; risk; interconnectedness; policy;F62; G01; G32
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