Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of...

This book asks a fundamental question, that is, whether "somebody in charge" could have prevented or solved the problem leading up to our current financial crisis. This book explores and answers that question from a scholarly and academic economic viewpoint

The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. Lucarelli argues that these pathological features of globalization acquire a remorseless logic...

Family reconstitution data: a cliometric view -- History of cliometrics -- Growth theories -- Cliometric approaches to war -- GDP and convergence in modern times -- Cliometrics and the great depression -- Financial Systems -- Cliometric approaches to international trade -- Time series -- The...

Introduction.- Balanced Growth in Decentralized Economies -- Transition to Balanced Growth -- The Finance of the Transition Phase -- Production Capacities in Decentralized Economies -- Models of Technological Progress in Decentralized Economies -- Cyclical Growth in Decentralized Economies.-...