Policy insights

Policy Insights

Policy Insight 29: Two Systematic Problems

In a new CEPR Policy Insight, Axel Leijonhufvud explains how lack of regulation and failed monetary policy caused the failure of financial markets.

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Leijonhufvud, A (2009), Policy Insight 29: Two Systematic Problems, CEPR Policy Insight No 29, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-29-two-systematic-problems