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started in the USA and spread to engulf banks and the financial markets of Europe. The ensuing recession or stagnation in many …-condition for rescue from potential bankruptcy. Europe's leaders took initiatives to strengthen financial systems but have been … project on Europe and the world's socio-economic future to 2030 (the AUGUR project) discusses possible ways out of prolonged …
Persistent link: https://www.econbiz.de/10012153369
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Economic policy is generally directed to achieve particular objectives which include targets for inflation, desirable unemployment levels, economic growth pace, standard of living of citizens among others. An economic policy is a course of action that is intended to influence or control the...
Persistent link: https://www.econbiz.de/10012979653
freest economy, both in the world and Europe. Looking at the Index of Economic Freedom components and its scores, it becomes …
Persistent link: https://www.econbiz.de/10012980643
For about three decades, the Japanese economy suffered a prolonged phase of economic stagnation but may have started, in late 2019, to emerge from this state with the implementation of Abenomics in late 2012 or early 2013. Abenomics consisted of “three arrows”, namely aggressive monetary...
Persistent link: https://www.econbiz.de/10014260125
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This paper analyses the long-run effects of financialisation and of the recent financial and economic crises for 15 countries. In order to provide a theoretical framework, we first outline three types of regimes under the conditions of financialisation, namely a debtled private demand boom, an...
Persistent link: https://www.econbiz.de/10011311194
Persistent link: https://www.econbiz.de/10009743443
Empirically, the macroeconomic institutions and the macroeconomic policy approach in the Eurozone have failed badly, both in terms of preventing the global financial and economic cri-sis from becoming a euro crisis and in generating a rapid recovery from the crisis, in particular. In this paper...
Persistent link: https://www.econbiz.de/10011919735
This paper has the goal to explore the functionality of the economic development in emerging countries, which are on their way of joining a currency union based on the concept of macroeconomic policy regimes (MPRs). Functional MPRs are considered those that deliver sustainable economic growth,...
Persistent link: https://www.econbiz.de/10009725164