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In recent weeks, fears of a worldwide economic recession have become widespread because more and more symptoms appear that resemble those at the start of the great depression of 1929. However, wrong conclusions may be drawn from similar symptoms unless basic development trends as well as the...
Persistent link: https://www.econbiz.de/10011588748
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...
Persistent link: https://www.econbiz.de/10012251398
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für die europäische Wirtschaft und welche Gegenmaßnahmen sollten in Europa eingeleitet werden? Andreas Rees, UniCredit … Wochen Realität sein." Ein "Laissez-faire" der Wirtschaftspolitik sei daher nicht angebracht. Statt die Hände in den Schoss … wieder zu seiner alten Dynamik zurückfinden. Das Gleiche gelte für die Konsumenten. Für Europa sieht Hüfner allerdings nur …
Persistent link: https://www.econbiz.de/10011692762
Die neuesten Wirtschaftsdaten und -prognosen deuten auf eine Rückkehr der Rezession hin. Lässt sich das erneute Abgleiten in eine Wirtschafts- und Finanzkrise vermeiden? Sebastian Watzka, Ludwig-Maximilians-Universität München, sieht Möglichkeiten, durch energisches und glaubhaftes Handeln...
Persistent link: https://www.econbiz.de/10011693259
Warum wurde die Finanz- und Wirtschaftskrise 2008/2010 in Deutschland so schnell überwunden? Sicher ist, dass die …
Persistent link: https://www.econbiz.de/10011693582
Persistent link: https://www.econbiz.de/10012270349
This paper highlights some peculiar characteristics of the economic crisis induced by the spread of COVID-19. It suggests two intertwined policy measures in order to tackle the emergency phase of the crisis and to support the economy in the subsequent recovery phase. The proposed short-term...
Persistent link: https://www.econbiz.de/10012270396
We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...
Persistent link: https://www.econbiz.de/10014402209
According to estimates made by several German economic research institutes, economic growth will slow down also in the coming year. For the first half of 1967 an increase in terms of money by 5% and in real value by 2% is expected. As compared with growth rates in former years this growth is...
Persistent link: https://www.econbiz.de/10011552848