bankruptcy risk stable equilibrium may be feasible, besides another stable equilibrium related to a stability corridor, (II … creative destruction process of the Lucas' view of business cycles theory. …

value and non-neutrality of fiat money are shown to be compatible with a local quantity theory of money. Every monetary …

refinement of the Quantity Theory of Money that turns out to be compatible with the long-run non-neutrality of money. Moreover … running an inflationary risk ; 3) else the money injected by the Central Bank increases the leverage of indebted investors … Fisher's debt deflation theory as being distinct from Keynes' liquidity trap. …

-being responds negatively (positively) to an increase in the GDP (unemployment rate) of their home country. That is, we originally …

neighborhood characteristics explain victimization better than individual characteristics. Second, I find that local unemployment … the precise localization of the data to adopt a spatial approach, comparing the effect of unemployment rate in the … neighborhoods for more serious economic crimes, in line with the Beckerian theory of crime, but that petty crimes and vandalism do …

determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased … market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation … intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces …

with a small one. Surprisingly, the end of transition is also characterized by lower unemployment when there are massive … layoffs - because in the short run, the high unemployment implied by the massive decrease makes job creation in the …