¿Es la economía intrínsecamente estable? Lecciones de la actual crisis financiera mundial para el diseño de nuevos modelos macroeconómicos

Christian R. Proaño

Resumen

Los orígenes de la actual crisis global se encuentran en los malos incentivos y en la información asimétrica en el mercado hipotecario subprime norteamericano. Pero sobretodo refleja una visión matemática y mental de las "expectativas racionales" sustentada en supuestos irreales: información exenta de costos, disponible de manera inmediata y agentes con capacidad y tiempo ilimitado para procesar la misma perfectamente. Para evitar crisis futuras, es necesario incorporar conceptos socio- y psicológicos en el pensamiento económico como el hecho que las personas no podemos procesar toda la información, aplicamos reglas de comportamiento y somos reticentes al cambio, sobretodo en mercados financieros que son intrínsecamente inciertos.

Palabras clave

breve reseña; crisis financiera mundial; expectativas y la concepción de los mercados; macroeconómica;

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