14.454 Economic Crises


Class Info

Provides an overview of models of the business cycle caused by financial markets' frictions and shocks. Topics include credit crunch, collateral shocks, bank runs, contagion, speculative bubbles, credit booms, leverage, safe asset shortages, capital flows and sudden stops. Enrollment limited.

This class has 14.453 as a prerequisite.

14.454 will not be offered this semester. It will be available in the Spring semester, and will be instructed by R. Caballero.

Lecture occurs 9:00 AM to 10:30 AM on Tuesdays and Thursdays in E51-395.

This class counts for a total of 6 credits.

You can find more information at the http://www.google.com/search?&q=MIT+%2B+14.454&btnG=Google+Search&inurl=https site or on the 14.454 Stellar site.

MIT 14.454 Economic Crises Related Textbooks

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