Given the massive government support for banks during the financial crisis, the purpose of this article is to address briefly if there is a tendency towards long-term "decoupling" of the banking sector from the rest of the economy. It also seeks to understand whether the support that governments...

Western economies have undergone a significant transformation over the last half a century as they have moved away from a commitment to full employment, going from activist fiscal policy to its abandonment with the adoption of budgetary austerity. This is not because of any technical or physical...