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Wall Street Journal:
Depression, recapitalization, greenspan

10 October 2008

Nicholas Bloom on the voxeu blog warns we might be on the precipice. “The crisis is shaping up to be a perfect storm – a huge surge in uncertainty that is generating a rapid slow-down in activity, a collapse of banking preventing many of the few remaining firms and consumers that want to invest from doing so, and a shift in the political landscape locking in the damage through protectionism and anti-competitive policies.”

This article appeared in an online blog in the Wall Street Journal on October 10, 2008
Link to article

Related Publications
'Will the Credit Crunch Lead to Recession?' By Nick Bloom in CentrePiece Vol13 Issue 1 Spring 2008
Further reading: Nick Bloom (2007), 'The Impact of Uncertainty Shocks', Centre for Economic Performance Discussion Paper No. 718, March 2006

Related Links
Nick Bloom webpage
Productivity and Innovation Programme webpage