Showing 1 - 10 of 1,337
decline in Greece's output, especially investment, is deeper and more persistent than in almost any crisis on record over that … (government, private, and external) of an advanced economy, we obtain a Greek crisis. Finally, in recent years, the lack of …
Persistent link: https://www.econbiz.de/10012988078
Italy's aggregate productivity abruptly stopped growing in the mid-1990s. This stop represents a puzzle, as it occurred at a time of stable macroeconomic conditions. In this paper, we investigate the possible causes of this “disease” by using sector and firm-level data. We find that Italy's...
Persistent link: https://www.econbiz.de/10012944645
This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...
Persistent link: https://www.econbiz.de/10013222318
This paper compares the recent global crisis and recession to earlier international financial crises and recessions. Based on existing chronologies of banking, currency and debt crises we identify clusters of crises. We use an identification of extreme events and a weighting scheme based on real...
Persistent link: https://www.econbiz.de/10013135243
The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...
Persistent link: https://www.econbiz.de/10012829790
The paper opens with a description of the salient features of the Israeli economy. These consist of a large government … indexation of both wages and long term financial commitments. A descriptive model of the economy is then presented, which … includes the particular asset menu of the Israeli economy, and its properties examined. Finally,the rrodel is used in analyzing …
Persistent link: https://www.econbiz.de/10014118833
This paper reviews six English-language books on the economy of Israel. Each book was written or edited by Israelis …, and each is from a different decade. The earliest book, Don Patinkin%u2019s The Israel Economy: The First Decade, was … written in the late 1950s, and the most recent volume, The Israeli Economy, 1985 - 1998: From Government Intervention to …
Persistent link: https://www.econbiz.de/10013220090
trade costs hitting international supply chains. So far, the global economy has avoided the global trade wars and banking … collapses of the Depression perhaps due to improved policy. Even so, the global economy remains susceptible to large shocks due …
Persistent link: https://www.econbiz.de/10013133067
This paper offers a quot;panoramicquot; analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit...
Persistent link: https://www.econbiz.de/10012772366
endogenous relation between productivity growth and the state of the economy. A large contractionary shock to equity financing in … economy over different horizons …
Persistent link: https://www.econbiz.de/10013040420