Over the past year, news agencies alleged that Chinese real estate developers operate as Ponzi schemes and are on the brink of collapse. This assertion demands sufficient evidence as such behavior may harbor financial crimes that, if exposed, could damage…
Robert J. Shiller is the Arthur M. Okun Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He…
Kenneth Rogoff is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. He was previously Economic Counsellor and Director, Research Department of the International Monetary Fund, and the Charles and Marie Robertson Professor of…
