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The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation
Gander, Sascha - 2019
This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...
Persistent link: https://www.econbiz.de/10012099421
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Reflections on Angela Merkel's career as chancellor of Germany and the Greek financial odyssey
Zestos, George K.; Whittleton, Harrison; … - 2022
Angela Merkel is the second-longest-serving chancellor of modern Germany, with more than 16 years in office. During her tenure there were many years of economic stability, but there were also years of domestic, EU, and geopolitical tensions. Merkel inherited an economy that was recovering after...
Persistent link: https://www.econbiz.de/10014322574
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On the political and economic determinants of redistribution: Economic gains, ideological gains, or institutions?
De Souza, Gustavo - 2022
I describe a structural method to quantify the contribution of different elements of social choice to the level of redistribution. Estimating a DSGE model with microdata on the support for redistribution, I find that if voters disregarded their ideological views on welfare policies,...
Persistent link: https://www.econbiz.de/10013479473
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Integration, spurious convergence, and financial fragility: A post-Keynesian interpretation of the Spanish crisis
Pérez Caldentey, Esteban; Vernengo, Matías - 2015
originated from the financial convergence that followed adoption of the euro. …
Persistent link: https://www.econbiz.de/10011545307
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Revisiting Public Support for the Euro, 1999-2017: Accounting for the Crisis and the Recovery
Roth, Felix; Baake, Edgar; Jonung, Lars; Nowak-Lehmann, … - 2018
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the … end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using … public support for the euro. First, we find that a majority of respondents support the euro in nearly all 19 euro area member …
Persistent link: https://www.econbiz.de/10013208809
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Fluctuations in the Swiss Franc: What has Changed Since the Euro's Introduction?
Fischer, Andreas M. - 2002
, fluctuations in the Swiss franc against the euro have been surprisingly moderate. The Swiss franc has thus tracked the euro … monetary policy with the new landscape defined by EMU. Four hypotheses of euro tracking are considered. …
Persistent link: https://www.econbiz.de/10011430039
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Social Variables and Economic Success: the Case of Italian Industrial Development
Peri, Giovanni - 2004
Italy makes for a very interesting case study of the impact of social variables on economic performance. Across its provinces, differences in social and cultural attitudes seem associated to large differences in economic development. We analyze the importance of some social variables on...
Persistent link: https://www.econbiz.de/10010263239
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Resource curse: A comparative study
Azarhoushang, Behzad; Rukavina, Marko - 2014
Weak economic performance of most oil rich countries states that natural resources are more curse than blessing for these countries. Resource curse theory examines the negative effects of rich natural resources on economic growth from an economic and political perspective. Since 1960s...
Persistent link: https://www.econbiz.de/10010330964
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The impact of geography an natural resource abundance on growth in Central Asia
Felipe, Jesus; Kumar, Utsav - 2010
This paper examines the growth experience of the Central Asian economies after the breakup of the Soviet Union. In particular, it evaluates the impact of being landlocked and resource rich. The main conclusions are: (1) Over the period 1994-2006, the landlocked resourcescarce developing...
Persistent link: https://www.econbiz.de/10010281703
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The euro imbalances and financial deregulation: A post-Keynesian interpretation of the European debt crisis
Pérez-Caldentey, Esteban; Vernengo, Matías - 2012
common currency - the euro - was at best minimal.This paper aims to show that, contrary to conventional wisdom, the crisis in … Europe is the result of an imbalance between core and noncore countries that is inherent in the euro economic model …
Persistent link: https://www.econbiz.de/10010286554