In my macro economics studies we absolutely included involuntary unemployment in models, this in itself broken into different forms like frictional vs structural unemployment. Similar inclusions for debt and pricing. As for crisis, then what are macro economic stress tests? Economists can be a overly theoretical in places, they have to be in a world of unlimited and often irrational variables, but this is a bit simplistic.
I have quite admired the way Yanis has handled his brief position in Greece. He's clearly an intelligent big picture thinker that was out to serve his peoples interests. This quote seems out of context to my expectations of his usually we'll considered statements. I wonder if there is some loss or context or other soundbite missing here.
I have quite admired the way Yanis has handled his brief position in Greece. He's clearly an intelligent big picture thinker that was out to serve his peoples interests. This quote seems out of context to my expectations of his usually we'll considered statements. I wonder if there is some loss or context or other soundbite missing here.