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The European Financial and Economic Crisis: Alternative Solutions from a (Post-) Keynesian Perspective

Hein, Eckhard; Truger, Achim; van Treeck, Till - 2011

The financial and economic crisis in the Euro area has revealed a number of important flaws in the economic policy … euro, are not sustainable; and this is more serious in a period of crisis in particular. On the other hand, it has become … clear that the Euro area suffers from a serious lack of institutions and policy concepts, which will not allow coping with …

Persistent link: https://www.econbiz.de/10010460503

Did inequality cause the U.S. financial crisis?

van Treeck, Till - 2012

In his widely discussed book "Fault Lines" (2010), Raghuram Rajan argues that many U.S. consumers have reacted to the decline in their relative permanent incomes since the early 1980s by reducing saving and increasing debt. This has temporarily kept private consumption and thus aggregate demand...

Persistent link: https://www.econbiz.de/10010460517

Von der Finanzkrise zur Weltwirtschaftskrise (I): Wie die Krise entstand und wie sie überwunden werden kann

Horn, Gustav A.; Joebges, Heike; Niechoj, Torsten; … - 2009

Die Weltwirtschaft befindet sich in einer der dramatischsten Episoden ihrer jüngsten Geschichte. Die weltweite Produktion von Gütern und Dienstleistungen verzeichnet einen Einbruch in einem seit der Weltwirtschaftskrise 1929/30 nicht gekannten Ausmaß. Aber neben diesen ökonomischen Effekten...

Persistent link: https://www.econbiz.de/10010460607

Von der Finanzkrise zur Weltwirtschaftskrise (III): Die Rolle der Ungleichheit

Horn, Gustav A.; Dröge, Katharina; Sturn, Simon; van … - 2009

Eine zentrale Ursache der aktuellen Krise, die von international renommierten Ökonomen betont wird aber in der öffentlichen Debatte in Deutschland noch wenig Beachtung findet, ist die rasante Zunahme der Einkommensungleichheit in vielen Industrieländern, aber auch in einigen...

Persistent link: https://www.econbiz.de/10010460609

Liquidity constraints versus loss aversion in household consumption: a simple reconciliation

van Treeck, Till - 2010

Various deviations from the Permanent Income consumption model with rational expectations have been discussed in the literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption asymmetry are usually considered as mutually exclusive....

Persistent link: https://www.econbiz.de/10010460494

The Great Moderation and the Decoupling of Monetary Policy from Long-Term Rates in the U.S. and Germany

Greenwood-Nimmo, Matthew; Shin, Yongcheol; van Treeck, Till - 2010

We apply the asymmetric ARDL model advanced by Shin, Yu and Greenwood-Nimmo (2009) to the analysis of the patterns of pass-through from policy-controlled interest rates to a variety of longer-term rates in the U.S. and Germany. Our results reveal three main phenomena. Firstly, while the e®ect...

Persistent link: https://www.econbiz.de/10010460498