Crash and the Michael Fish Moment for Economists

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.