Nearly seven years after the failure of Lehman Brothers, the economies of the United States, Japan, countries within the Euro zone and other European countries who continue to use their own currencies, among them the United Kingdom, are still struggling to return to sustained growth, two percent inflation rates, and positive real central bank interest rates, and thus to leave behind the imprint of the Great Recession.
I. Learning from crises  Folk wisdom, policymakers and researchers see opportunities in crises. Everyone is familiar with the notion that one should never waste a crisis.