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US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms … suggested, while at the same time the majority of the world's poor had benefited insufficiently from stronger economic growth …
Persistent link: https://www.econbiz.de/10013141781
This paper analyzes the effects of 'shocks' to community-level unemployment expectations, induced by the onset of the … ability to examine the effects of shocks to economic expectations independent of any actual changes to economic conditions. We … expectations shocks on mental health. For girls, however, there are modest increases in mental health problems and externalizing …
Persistent link: https://www.econbiz.de/10012908877
" before and after September 30 2010. This was the day that the full scale of the banking crisis emerged (named by the media as …
Persistent link: https://www.econbiz.de/10013110855
The onset of the housing and subsequent financial crisis in 2008 marked the steepest economic downturn in the United. States, since the Great Depression in the late 1920s and 1930s. This most recent financial crisis has been characterized by massive layoffs and displacement. Given the depth of...
Persistent link: https://www.econbiz.de/10012956016
It is commonly argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. The argument goes that the political cost of deep reforms declines as crises unravel structural problems that need to be urgently rectified and...
Persistent link: https://www.econbiz.de/10012842057
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
Persistent link: https://www.econbiz.de/10012868012
In most research on Life Satisfaction (LS), it is assumed that the covariates of high and low LS are the same for everyone, or at least everyone in the West. In this paper, analysing data from the German Socio-Economic Panel, with a limited replication based on Australian panel data, we estimate...
Persistent link: https://www.econbiz.de/10012910742
facilitates the formation of common expectations. We disentangle the effect of training from the effect of its public knowledge …
Persistent link: https://www.econbiz.de/10013099096
Many information structures generate correlated rather than mutually independent signals, the news media being a prime …
Persistent link: https://www.econbiz.de/10013082140
investment. Second, our results highlight that expectations regarding the duration of the shutdown—which, at this point of the …
Persistent link: https://www.econbiz.de/10012833870