During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among …

This paper compares the depth of the Recent Crisis and the Great Depression. We use a new data set to compare the drop … Recent Crisis leveled off in mid-2009 for production and will do so for unemployment in 2010. Our data indicate that the … Recent Crisis indeed had the potential to be another Great Depression, as shown by the speed and simultaneity of the decline …

factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to … for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting … more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill …

model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the … rate of inflation is relatively high, as was the case in the 1970s. In general, the effect of growth on unemployment is … shown to be non-monotonic. There is a threshold level of inflation below (above) which faster growth leads to higher (lower …

The paper surveys the literature on the effects of finance on productivity growth. In both the theoretical and … growth. Focusing on the direct channels of growth, the author has found both positive and negative contribution of finance to … growth. Clearer positive effects emerge when considering growth channels related to productivity dynamics, with the estimated …