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The Macroeconomic Policy Challenges of Balance Sheet Recession : Lessons from Japan for the European Crisis

Schnabl, Gunther - 2013

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Persistent link: https://www.econbiz.de/10013081055

Europe's Great Depression - Coordination Failure After the First World War

Wolf, Nikolaus - 2013

In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could …

Persistent link: https://www.econbiz.de/10013094292

Labor Market Policies and European Crises

Bertola, Giuseppe - 2013

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...

Persistent link: https://www.econbiz.de/10013073087

The Crisis and Regional Resilience in Europe : On the Importance of Urbanization and Specialization

Brakman, Steven - 2015

Using a rich data set on the EU regions, we analyze the relevance of two possible determinants of a region's resilience to shocks, the degree of urbanization and specialization. We take the Great Recession, the economic and financial crisis that started in 2008, as our shock and then analyze how...

Persistent link: https://www.econbiz.de/10013033744

Automatic Stabilizers and Economic Crisis : US vs. Europe

Dolls, Mathias - 2010

in Eastern and Southern Europe are much lower than in Central and Northern European countries. We also investigate …

Persistent link: https://www.econbiz.de/10013149370

European Unemployment Revisited : Shocks, Institutions, Integration

Bertola, Giuseppe - 2021

and turns of unemployment rates in Europe and elsewhere …

Persistent link: https://www.econbiz.de/10013315479

The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis

Hristov, Nikolay - 2013

This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction of Euro–area banks to the global financial crisis. We focus on their interest–rate setting behavior in response to standard macroeconomic shocks. Our main empirical finding...

Persistent link: https://www.econbiz.de/10013089850

Self-Fulfilling Crises in the Eurozone : An Empirical Test

De Grauwe, Paul - 2013

We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self … countries in the Eurozone during 2010-11 was disconnected from underlying increases in the debt to GDP ratios and fiscal space … argue that this can drive member countries of the Eurozone into bad equilibria. We also find evidence that after years of …

Persistent link: https://www.econbiz.de/10013090949

Financial Contagion and the European Debt Crisis

Missio, Sebastian - 2013

Since the beginning of 2010, the Euro Area faces a severe sovereign debt crisis, now generally known as the Euro Crisis. While the Euro Crisis has its origin in Greece, problems have now spread to several other European countries as well. Dynamic conditional correlation models (DCC) are...

Persistent link: https://www.econbiz.de/10013092476

Financial Stability in Europe : Banking and Sovereign Risk

Bruha, Jan - 2017

after the onset of the sovereign crisis in Europe …

Persistent link: https://www.econbiz.de/10012955275

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