Ravi Jagannathan

Ravi Jagannathan is the Chicago Mercantile Exchange/John F. Sandner Distinguished Professor of Finance at the Kellogg School of Management, Northwestern University and a Research Associate at the National Bureau of Economic Research (NBER)

Why Are We In A Recession?

The global economy is in a recession and unemployment rates are soaring. But the financial crisis is a mere symptom and not the disease itself, say the authors in this article.  Conventional Wisdom Folk wisdom blames the financial crisis for the recession. But what caused the financial crisis? The savings glut in Asia, says the popular press. A major part of these …

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