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I would suggest reading This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth Rogoff. It is quite academic, but it comes
by goodcanadian 6y ago
I would suggest reading This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth Rogoff. It is quite academic, but it comes the closest to answering this question that I have ever seen.
- disgruntledphd2 6y agoDo you mean the authors who found their purported relationship due to errors in their Excel spreadsheets? That being said, even if I have issues with their policy prescriptions, I've heard good things about the book.