Asada, Toichiro; Chiarella, Carl; Flaschel, Peter; … - Institut für Weltwirtschaft (IfW) - 2009
Currently, many monetary and fiscal policy measures are aimed at preventing the financial market meltdown that started in the US subprime sector and has spread worldwide as a great recession. Although some slow recovery appears to be on the horizon, it is worthwhile exploring the fragility and...