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Der Historiker (Uni Princeton) und Publizist (hier u.a. BA 1/02, 8/91, 4/89; ID 34/01, 32/97, 17/93) beschäftigt sich einmal mehr mit der Geschichte der (globalen) Wirtschaft. In der protektionistischen Politik vieler Staaten in den 20er-Jahren (Einfuhrverbote, Strafzölle etc.) sieht der Autor...
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The paper examines political resentments and backlashes in historical episodes of globalization in terms of discussions of the morality of rising inequalities of income and wealth. It investigates the link between this discussion and a different interest-based political system that prevails in...
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The potential for rare macroeconomic disasters may explain an array of asset-pricing puzzles. Our empirical studies of these extreme events rely on long-term data now covering 28 countries for consumption and 40 for GDP. A baseline model calibrated with observed peak-to-trough disaster sizes...
Persistent link: https://www.econbiz.de/10014166130
The potential for rare macroeconomic disasters may explain an array of asset-pricing puzzles. Our empirical studies of these extreme events rely on long-term data now covering 28 countries for consumption and 40 for GDP. A baseline model calibrated with observed peak-to-trough disaster sizes...
Persistent link: https://www.econbiz.de/10013121059
This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and...
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