tag:blogger.com,1999:blog-5713178645208582139.post592721209739431443..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Did the "Great Moderation" Contribute to the Financial Crisis?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-38684280111798508182008-11-13T09:33:00.000-06:002008-11-13T09:33:00.000-06:00Not wanting to sound like a broken record, but thi...Not wanting to sound like a broken record, but this is exactly the point Taleb makes in the "Black Swan". His metaphor for the Great Moderation is the case of a turkey that is fed for 1000 days, each day providing more statistical confirmation that the kind human will always look after the turkey. But on the 1001st day......Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-73683108537823415112008-11-12T12:51:00.000-06:002008-11-12T12:51:00.000-06:00What about the 1987 market crash? It didn't have ...What about the 1987 market crash? It didn't have much fallout on GDP, but it certainly had to make financial institutions more risk averse into the late 80s.Anonymousnoreply@blogger.com