Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
Bob Murphy Show
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What's the Difference Between the Diamond and the Diamond?
Dip Big model was used in a famous 1983 paper by George Selgent and others. It's one of the most cited economics articles, I think, of all time. After 2008 financial crisis, there was renewed interest in the Diamond Dip models. But how hard is it to model things rigorously in economics?
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