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is even applicable. Since policy makers have to understand the roots and the dimension of the crisis in order to seize … to make sure that the roots of the crisis are similar. So this paper addresses the question: Is the current financial … crisis similar to the Great Depression? For that purpose I will systematically compare the Great Recession with the Great …
Persistent link: https://www.econbiz.de/10008567642
The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...
Persistent link: https://www.econbiz.de/10008577646
The standard new Keynesian monetary policy problem is, in its original presentation, a linear model. As a result, only three possibilities are admissible in terms of long term dynamics: the equilibrium may be a stable node, an unstable node or a saddle point. Fixed point stability (a stable...
Persistent link: https://www.econbiz.de/10005837344
The Israeli Economy has served as a laboratory for the study of inflation and government policy reponse. In periods crucial for Israel's experience of inflation, finance ministers were replaced frequently, often changing their predecessors' policies, much to the detriment of inflation. Inflation...
Persistent link: https://www.econbiz.de/10005622172
The rise of the extreme poles in the European political Spectrum, corresponds currently with a clear call for help by the site of simple People, combined with the desire for a serious confrontation with the tragic impasse reproduced by the extreme Problems of the everyday live . In this case,...
Persistent link: https://www.econbiz.de/10011251884
Desai, R. and A. Freeman. 2001. ‘Value and Crisis Theory in the “Great Recession”’. World Review of Political Economy. Vol 2 … crisis. Focusing on recent discussions of “financialisation”, in particular a recent paper by Costas Lapavitsas, this article … factors in the crisis. In value terms, financialisation is a withdrawal from the sphere of production into the sphere of …
Persistent link: https://www.econbiz.de/10011258893
period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … dealers, mutual funds, etc.) that steadily increased until the crisis. Its effects over real economy could be investigated in …
Persistent link: https://www.econbiz.de/10011258987
Once upon a time there was a classical financial world in which all the Libors were equal. Standard textbooks taught that simple relations held, such that, for example, a 6 months Libor Deposit was replicable with a 3 months Libor Deposits plus a 3x6 months Forward Rate Agreement (FRA), and that...
Persistent link: https://www.econbiz.de/10011259157
Every bigger economic crisis, as the current one, leaves behind a huge material damage to the world economy, and to …, Bulgaria and Montenegro) during pre-global economic crisis was based mainly on foreign demand and capital inflows which created … external shocks. But, the crisis reshapes the world economic map. Competition on world markets gets new forms and players. The …
Persistent link: https://www.econbiz.de/10011259251
measures of crisis-proof policy and crisis-proof behavior are suggested. …
Persistent link: https://www.econbiz.de/10011259286