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Crash and the Michael Fish Moment for Economists

Ruth Tarrant

6th January 2017

Here's a summary from the BBC regarding the similarities between Michael Fish's hurricane-forecasting disaster from 1987 and the failure of central banks to correctly forecast the financial crisis and the immediate aftermath of the Brexit vote.

Andy Haldane believes it could be a pivotal moment in improving economic modelling and forecasting. As a way in with students, perhaps you could have a short classroom discussion about the ways in which economic modelling and forecasting could be improved.

Ruth Tarrant

Ruth has been an enthusiastic Head of Economics and Politics for many years, having taught in a variety of schools and at university level. She is also a Senior Examiner. Ruth is passionate about boosting the quality of teaching and learning across all subjects in schools and colleges.

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