Narrow search
Showing 1 - 4 of 4
Cover Image
Macroeconomic Adjustment and the History of Crises in Open Economies
Aizenman, Joshua - 2012
This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980‐2010 for all countries for which the required information is available, controlling...
Persistent link: https://www.econbiz.de/10013098139
Cover Image
Saving and the Long Shadow of Macroeconomic Shocks
Aizenman, Joshua - 2013
The global crisis of 2008 raises many questions regarding the long‐term response to crises. We know that households that lost access to credit, for example, were forced to adjust and increase saving. But, will households keep on saving more than they would have done otherwise had the global...
Persistent link: https://www.econbiz.de/10013081508
Cover Image
The Eurocrisis : Muddling Through, or on the Way to a More Perfect Euro Union?
Aizenman, Joshua - 2014
institutions. The euro has operated as a currency without a state, under the dominance of Germany. This has so far allowed the euro … to achieve a number of design objectives, and this may continue, as long as Germany does not shirk its growing … responsibility for the euro's future. Germany's resilience and dominant size within the EU may explain its "muddling …
Persistent link: https://www.econbiz.de/10013052139
Cover Image
Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, it and Productivity
Bloom, Nicholas - 2015
effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10013038317