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Sunday Times:
Time is running out for a rescue

12 October 2008

For a start, according to the Stanford University economist Nick Bloom, the recent volatility of the stock market is on a par with the 1929 crash and subsequent episodes in that period when the Depression took hold. Bloom, who spends some of his time at the London School of Economics, is one of a number of economists who think it is not the level of the stock market that counts but the extent to which it fluctuates.

This article appeared in the Sunday Times on October 12, 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