Tag Archives: Philippe Bacchetta

Philippe Bacchetta is a professor of Macroeconomics. His research interests include international finance, financial crises, exchange rates and monetary economics.
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The economic cycle of fear: How panic fuelled a global recession

As President Franklin D Roosevelt famously once observed: “The only thing we have to fear is fear itself”. It is an aphorism that policymakers should take note of, given the findings of research by Philippe Bacchetta and Eric van Wincoop into the causes of the Great Recession.

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