70 likes | 171 Views
Financial Crises. Gerald P. Dwyer Federal Reserve Bank of Atlanta University of Carlos III, Madrid. Risk and Uncertainty. … as we know, there are known knowns ; there are things we know we know . We also know there are known unknowns ;
E N D
Financial Crises Gerald P. Dwyer Federal Reserve Bank of Atlanta University of Carlos III, Madrid
Risk and Uncertainty … as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don’t know we don’t know. Donald Rumsfeld (2002)
Policymaker’s Perception Source:viralinfection.com
Policymaker’s Reality? Source: englishrussia.com
Research Viewpoint Source: lumq.com