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Großer, Günter; Weinert, Günter - In: Intereconomics : review of European economic policy 19 (1984) 1, pp. 45-48

years, 1983 proved to be the long-awaited turnaround year for the world economy. In fact, the upswing came earlier and with …

Persistent link: https://www.econbiz.de/10011552949

Fiscal policy sustainability, economic cycle and financial crises : the case of the GIPS

Legrenzi, Gabriella Deborah; Milas, Costas - 2012

We extend previous work on the sustainability of the government's intertemporal budget constraint by allowing for non-linear adjustment of the fiscal variables, conditional on (i) the sign of budgetary disequilibria and (ii) the phase of the economic cycle. Further, our endogenously estimated...

Persistent link: https://www.econbiz.de/10009683459

Two-tier labor markets in the great recession : France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan J.; Le … - 2010

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … contracts and the less restrictive rules regarding the use of the latter contracts in Spain. Using a calibrated search and …

Persistent link: https://www.econbiz.de/10008757525

Will there be a world-wide recession?

Weinert, Günter - In: Intereconomics : review of European economic policy 9 (1974) 11, pp. 344-348

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

Measuring inflation expectations in interwar Britain

Lennard, Jason; Meinecke, Finn; Solomou, Solomos - 2021

What caused the recovery from the British Great Depression? A leading explanation - the "expectations channel" - suggests that a shift in expected inflation lowered real interest rates and stimulated consumption and investment. However, few studies have measured, or tested the economic...

Persistent link: https://www.econbiz.de/10012669620

The coronavirus and the Great Influenza Epidemic : lessons from the "Spanish Flu" for the coronavirus's potential effects on mortality and economic activity

Barro, Robert J.; Ursúa, José F.; Weng, Joanna - 2020

Mortality and economic contraction during the 1918-1920 Great Influenza Epidemic provide plausible upper bounds for outcomes under the coronavirus (COVID-19). Data for 43 countries imply flu-related deaths in 1918-1920 of 39 million, 2.0 percent of world population, implying 150 million deaths...

Persistent link: https://www.econbiz.de/10012177148

Europe's great depression : coordination failure after the first World War

Wolf, Nikolaus - 2010

In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could not exploit her vast economic potential after 1918, because the war had not yet come to an end - indeed it did not end before 1945. Both, domestic and international...

Persistent link: https://www.econbiz.de/10008696770

Overvalued : Swedish monetary policy in the 1930s

Rathke, Alexander; Straumann, Tobias; Woitek, Ulrich - 2011

economy using Bayesian methods. We find that the model captures the key dynamics of the period surprisingly well. Importantly …

Persistent link: https://www.econbiz.de/10009489289

The world economy at the crossroads

Nunnenkamp, Peter - In: Intereconomics : review of European economic policy 27 (1992) 5, pp. 237-240

Persistent link: https://www.econbiz.de/10001130609

Economic policy uncertainty spillovers in booms and busts

Caggiano, Giovanni; Castelnuovo, Efrem; Figueres, Juan … - 2018

due to US EPU shocks are also found for the UK economy. This evidence, which refers to a large economy having a low trade …

Persistent link: https://www.econbiz.de/10011862894