When Nightmares Become Real: Modelling Linkages Between The Financial Sector And The Real Economy In The Aftermath Of The Financial Crisis

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Page Title:When Nightmares Become Real: Modelling Linkages Between The Financial Sector And The Real Economy In The Aftermath Of The Financial Crisis – C.D. Howe Institute
Article Title:When Nightmares Become Real: Modelling Linkages Between The Financial Sector And The Real Economy In The Aftermath Of The Financial Crisis
URL:https://cdhowe.org/publication/when-nightmares-become-real-modelling-linkages-between-financial-sector-and-real-economy-aftermath-3/
Published Date:August 16, 2011
Accessed Date:February 11, 2025

Our understanding of the links between the financial sector and the rest of the economy needs to improve, concludes a report from the C.D. Howe Institute. In When Nightmares Become Real: Modelling Linkages between the Financial Sector and the Real Economy in the Aftermath of the Financial Crisis, authors Philippe Bergevin, Pierre Duguay and Paul Jenkins say that the complexity of these linkages have been neglected in the models typically used to guide monetary policy – the question is how to remedy deficiencies in policymakers’ economic models of the world, so that they can be used with confidence in guiding policy.

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