{
  "title": "The Crisis and Miss Emily's Perceptions",
  "publication": "Departmental Papers, November 19, 2010",
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  "summary": "The Crisis and Miss Emily's Perceptions draws an analogy between the theme and the characters in Faulkner's short story \"A Rose for Emily\" and the global financial crisis.",
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      "heading": "Core thesis and analogy",
      "content": "- Draws an analogy between the theme and the characters in Faulkner's short story \"A Rose for Emily\" and the global financial crisis.\n- Argument: in Faulkner's story, characters deny realities and thereby allow an unstable situation to persist longer than it should; similarly, economic actors during the crisis refused to face realities, contributing to the crisis's unfolding."
    },
    {
      "heading": "Review of literature and analysis",
      "content": "- Brief review of the literature on perception biases.\n- Central analytical claim: all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.\n- Subject classifications in the paper: Econometric analysis, Economic sectors, Financial institutions, Labor, National accounts.\n- Keywords listed in the paper: DP, DPPP, economic policy, Emily, Financial sector, Glass-Steagall Act, Global, Hedge funds, Housing, market mechanism, new economy bubble, private sector, Vector autoregression."
    },
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      "heading": "Notable institutional note",
      "content": "- Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.\n\nSource: The Crisis and Miss Emily's Perceptions, Luc E. Leruth and Pierre J. Nicolas, Departmental Papers, November 19, 2010. https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2016/12/31/the-crisis-and-miss-emily-s-perceptions-24334\n\n---\n\n Content in this bundle\n\n- dp1006\n  - dp1006 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - dp1006 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2016/12/31/the-crisis-and-miss-emily-s-perceptions-24334"
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    "Authors: Luc E. Leruth, Pierre J. Nicolas",
    "Published: November 19, 2010",
    "Series: Departmental Papers",
    "DOI: https://doi.org/10.5089/9781462327331.087",
    "Draws an analogy between the theme and the characters in Faulkner's short story \"A Rose for Emily\" and the global financial crisis.",
    "Argument: in Faulkner's story, characters deny realities and thereby allow an unstable situation to persist longer than it should; similarly, economic actors during the crisis refused to face realities, contributing to the crisis's unfolding.",
    "Brief review of the literature on perception biases.",
    "Central analytical claim: all economic actors have, to some degree, been refusing to face realities, which helped the crisis to unfold.",
    "Subject classifications in the paper: Econometric analysis, Economic sectors, Financial institutions, Labor, National accounts.",
    "Keywords listed in the paper: DP, DPPP, economic policy, Emily, Financial sector, Glass-Steagall Act, Global, Hedge funds, Housing, market mechanism, new economy bubble, private sector, Vector autoregression.",
    "Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.",
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