Apr
1st
Wed
1st
Social Unrest And The BB-NN Model
Everyday we have new signs of growing social unrest due to the worsening scenario in the global economy. That reminded me of the BB-NN model (pdf) that we covered during my MBA class on macroeconomics with prof. Forbes, which models also a “social peace” line depending on the equilibrium among balance of payments, real vs potential GDP, exchange rates and real productivity.
