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Jens Kjaer Sorensen
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BIO Jens Kjaer Sorensen is one of the few economists predicting the crisis and as one of the very few actually putting the analysis down on print. Master Thesis In his Masters Thesis from March 2006 Jens predicted the burst of the international housing bubble, credit crisis and financial crisis. Thesis The thesis is a JEL-rated paper and is ranked top 5 on the Journal of MPBFC: Forecasting and Simulation. Ranking Predicted the crisis, how it initiated and the magnitude The thesis concluded that housing price bubbles had historically been created by deregulation and financial liberalization. Jens predicted the burst of the bubble to be initiated by contractive monetary policy (higher interest rates) and that a credit contraction would lead to a credit crisis through a reinforcing process. The thesis also concluded that due to the size of the credit expansion, the credit crisis would lead to a financial crisis. Further on, Jens predicted that there was risk of a global recession, since the housing bubble was internationally synchronized. |
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