The 2008-09 global financial crisis is seen as the most cataclysmic macroeconomic event since The Great Depression. Although it affected economies worldwide, it most harmed advanced economies which subsequently endured sub-optimal economic growth, record low interest rates, weak private...

Topics: - the effects of the terms of trade on the economy - financial intermediation and monetary policy - DSGE estimation, factor models and policy evaluations - learning and DSGE estimation