US to the worst recession the world has witnessed for over six decades. Through an in-depth review of the crisis in terms …Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of the housing bubble in the …-held perceptions during the boom years before the crisis, the paper underscores that the global economy was by no means as stable as …

crucial role in determining to what extent the economic crisis led to higher unemployment, wage cuts or income losses and … rising poverty. As the crisis gained momentum, the action of automatic stabilisation mechanisms built into the national tax … risks associated with the crisis across socio-economic groups. The present paper aims to investigate and assess to what …

The international business cycle is very important for Latin America's economic performance as the recent global crisis … world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three …

plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of …

hardest hit by the subsequent crisis. We present a model where higher turbulence benefits decentralized firms because the … international differences in post-crisis GDP growth …