Policy Punchline

It’s been ten years since the 2008 financial crisis, and scholars and policy makers are still reflecting on its causes and effects. The world has gone through a series of tightening regulations and de-risking; the transparency and interdependence of the financial sector have improved… But is the crisis truly over? In 2018, 10 years after the crisis, a compelling analysis of what really happened was published –– "Crashed: How a Decade of Financial Crises Changed the World." Prof. Tooze teaches and researches widely in the fields of twentieth-century and contemporary history. From a start in modern German history with a special focus on the history of economics and economic history his interests have widened to take in a range of themes in political, intellectual and military history, across a canvass stretching from Europe across the Atlantic. A few punchlines? Using the national economic paradigm from the 20th century to explain the financial crisis is outdated. The “macrofinancial” revolution tries to re