Showing 1 - 10 of 117
The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing …
Persistent link: https://www.econbiz.de/10011392820
This paper analyzes the trajectories of the Greek public deficit and sovereign debt over the last three decades and their connection to the political and economic environment, paying special attention to the causality between the public and the foreign deficit. The authors argue that, from 1980...
Persistent link: https://www.econbiz.de/10009773471
of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … solution of the Greek and wider European crisis. A broader agenda that deals with the malaises of the Greek economy and the …
Persistent link: https://www.econbiz.de/10011481630
Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...
Persistent link: https://www.econbiz.de/10009534182
The aim of this paper is to develop a structural explanation of the subprime mortgage crisis, grounded on the … crisis. …
Persistent link: https://www.econbiz.de/10010340278
This paper examines the emerging challenges to the art of monetary policymaking using the case study of the Reserve Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper uses Hyman P. Minsky's financial instability hypothesis as...
Persistent link: https://www.econbiz.de/10010436173
Since the 2008 crisis, the economics literature has shown a renewed interest in Keynes's "beauty contest" (BC) as a … the BC can be used to start the needed rethinking of economics, urged by the crisis, that is for now reduced to studying …
Persistent link: https://www.econbiz.de/10012291952
aftermath of the global financial crisis of 2008-9, focusing on a select group of central banks - namely the Bank of England … aftermath of the crisis, with considerable cross-country variation. …
Persistent link: https://www.econbiz.de/10011910944
Persistent link: https://www.econbiz.de/10000168264
This paper uses Hyman P. Minsky’s approach to analyze the current international financial crisis, which was initiated …, appraisers, borrowers, securitizers, insurers, and regulatorsin creating the crisis. Finally, it proposes short-run solutions to … the current crisis, as well as longer-run policy to prevent itʺ (a debt deflation) from happening again. -- Hymann Minsky …
Persistent link: https://www.econbiz.de/10003727248