This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and...

1. The International Economic Crisis -- 2. The Greek Crisis -- 3. Addressing the Crisis Through Support Packages and Memoranda -- 4. Changes in the Economy -- 5. The Social Impact of the Crisis -- 6. Change in Social Stratification in the Greece of Crisis (2009-2017) -- 7. Transformations in the...

Preface -- 1. The Interwar Economic Crisis in Comparative Research Perspective -- 2. Limits of the Possible for Economic Policy Choice -- 3. Protectionism: A Safe Haven or Missed Opportunity? -- 4. Proto-Fordism: Seizing the Moment under Democracy -- 5. Neomercantilism, Mark I, under...

Chapter 1. Creating an Epistemic Community: The Experience of the Villa Mondragone International Economic Seminar -- Chapter 2. Will the EU Grow Faster Than in the Past Decade After Covid-19? -- Chapter 3. Covid-19 and the Golden Rule of Social Distancing -- Chapter 4. The New European...

Preface -- Chapter 1. Introduction: views on economic crises in the 21st century -- Chapter 2. A review of the history of the economy and its concepts: change is a constant -- Chapter 3. Keynes' and Minsky's macroeconomics -- Chapter 4. Outlook on the transformation of the market economy and its...

This book offers important new insights into recent advances and perspectives in the field of political economy of development in Southeastern European countries. In addition, it provides theoretical and empirical contributions to political economy of development in an international context....

‘This is the second book of a two-volume set that continues Adam Smith's work, using the tools mathematical, experimental, and behavioural economists have developed since 1776. As in the first volume, markets are not the central organising principle. Instead, attention centres on social...

Chapter 1: Introduction -- Chapter 2: The 1891-92 Crisis and Beyond -- Chapter 3: World War I and the 1920s Financial Crisis -- Chapter 4: The Estado Novo period: The 1930s and World War II -- Chapter 5: The Estado Novo period after World War II: The golden age of economic growth (1946-1973) --...