Didier Darcet
13 August 2021

The Great Bifurcation

From 1985 to 2007, the economic world went through a period of “Great Moderation,” highlighted by the amortization of fluctuations in business cycles. However, economic evolution, like the history of our universe, follows a process of micro-macro alternation - periods of “Ricardian” stability - which is exhausted over time, and bifurcations.

Are we at the dawn of a great bifurcation?