Nouriel Roubini prognostizierte die Finanzkrise von 2008. Doch man glaubte ihm erst, als es bereits zu spät war. Umso lauter meldet er sich heute zu Wort: Denn uns droht eine Gefahr, die gröe︣r ist als alle bisherigen Wirtschaftskrisen der Geschichte. Roubini definiert zehn Bedrohungen, die...

The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...

The economic implications of oil price shocks have been extensively studied since the oil price shocks of the 1970s'. Despite this huge literature, no dynamic stochastic general equilibrium model is available that captures two well-known stylized facts: 1) the stagflationary impact of an oil...