Can Business Cycles Predict the Unpredictable? A Tale of the Black Swan, the Ancient Drama and the Green Island |

Can Business Cycles Predict the Unpredictable? A Tale of the Black Swan, the Ancient Drama and the Green Island

Synopsis:

Predicting upcoming economic crises is of interests to many, but few can do this accurately. This lecture will be discussing the regularities of business cycles and the relations between them. The concept of business cycles is included in every basic textbook on macroeconomics, and despite it being seemingly simple, it is not so in real life.

The last financial crisis is sometimes regarded as a black swan, but actually all crises are the white swans, including the last one, business cycles can help study the economic relations between countries that want to intensify their integration. Policymakers sometimes do not trust the findings of economic studies, but in reality, a good theory is very powerful and this lecture shall explain why?

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Speaker(s):

Dr. Krzysztof Piech, Adjunct, Department of Economic Policy, Warsaw School of Economics; Academic Visitor, Lee Kuan Yew School of Public Policy

Date:
Thursday, 08 November 2012
Time:
5.15 p.m. - 6.30 p.m.
Venue:

Seminar Room 3-1
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road
Singapore 259772

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