Maybe it is excessive skittishness, or perhaps it is the result of global financial volatility in recent years – crises in Mexico in 1994-5, East Asia in 1997-98, Russia in 1998, and then in Brazil, Turkey, and Argentina – but we economists are more concerned about monetary affairs and possible future disasters than we have been in many decades.
Maybe it is excessive skittishness, or perhaps it is the result of global financial volatility in recent years – crises in Mexico in 1994-5, East Asia in 1997-98, Russia in 1998, and then in Brazil, Turkey, and Argentina – but we economists are more concerned about monetary affairs and possible future disasters than we have been in many decades.