The Crisis and Miss Emily's Perceptions
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Summary:
The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story "A Rose for Emily" and the global financial crisis. In Faulkner's story, all the characters try to deny realities, thus allowing an unstable situation to last longer than it should have. The paper briefly reviews the literature on perception biases and argues that all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.
Series:
Departmental Paper No 2010/010
Subject:
Econometric analysis Economic sectors Financial institutions Labor National accounts
Frequency:
Biannually
English
Publication Date:
November 19, 2010
ISBN/ISSN:
9781462327331/2616-5333
Stock No:
CMEPEA
Format:
Paper
Pages:
31
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