Commentary on Three Papers
8 Pages Posted: 30 Jan 2013
Date Written: January 30, 2013
This paper is a comment on: Macroeconomic Effects of Over-Investment in Housing in an Aggregative Model of Economic Activity by Hian Teck Hoon which can be found at: http://ssrn.com/abstract=2209106; The Slump, the Recovery and the 'New Normal' by Edmund S. Phelps which can be found at: http://ssrn.com/abstract=2209110 and The Financial Crisis: Joblessness and Investmentlessness by Gylfi Zoega which can be found at: http://ssrn.com/abstract=2209134.
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