It depends on people's definition of mainstream academic economists, because in general, there has been strong predictive power in the models they use in how th

It depends on people's definition of mainstream academic economists, because in general, there has been strong predictive power in the models they use in how the effects of the financial crisis played out over time. There are surveys of academic economists out there that can back this up. This in contrast to mainstream people who talk about economics, who have been predicting hyperinflation for years now. There were many academics who warned that austerity policies would be a drag on the economy for years. There were people in academics warning about a possible housing bubble.