Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
Bob Murphy Show
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The Lessons of Diamond Dip Big
After this recent crisis, we're reminded of the lessons of Diamond Dip Big and how important it is to have banks in our models of the macro economy. And these are some of the workhorse models that, for example, I got my PhD there in one 2003. They were trying to model bank runs into isolate what happened during a financial crisis when there's runs on banks.
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