Showing 81 - 90 of 4,341
Persistent link: https://www.econbiz.de/10011431082
Persistent link: https://www.econbiz.de/10011431085
Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery from the global financial crisis. This may lead to political pressures for greater use of countercyclical fiscal policy in the postcrisis period. However, the countercyclical...
Persistent link: https://www.econbiz.de/10011432688
This paper compares the depth of the recent crisis and the Great Depression. We use a new data set, namely seven activity indicators, to compare the drop in activity in industrialised countries. This is done under the assumption that the recent crisis levelled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10011435273
production in the past 50 years. In the USA and Europe the decline in production over the entire economy was, however, much less … of the elements of the European Model (long-term orientation, stakeholder model) could serve as an example to the world …, even if the crisis management in Europe is not without fault, and despite the fact that in the USA and China economic …
Persistent link: https://www.econbiz.de/10011435278
The deepening of the recent crisis was driven by the simultaneous devaluation of stock wealth, housing wealth and commodity wealth. The potential for this devaluation process had been "built up" during the boom of stock prices, house prices and commodity prices between 2003 and 2007. Hence, this...
Persistent link: https://www.econbiz.de/10011435285
The growth performance of countries proved to be very different during the recent crisis. We apply principal component analysis to derive a single ordinal indicator on growth performance and to analyse whether initial conditions of economies or structural characteristics can explain the...
Persistent link: https://www.econbiz.de/10011435319
A combination of cyclical and structural factors has lead to a situation which could threaten financial stability worldwide. As the current financial turmoil is unfolding it becomes clearer that the effects of the initial sub-prime crisis, which originated in the US, are spreading across other...
Persistent link: https://www.econbiz.de/10011470785
Persistent link: https://www.econbiz.de/10011470790
Persistent link: https://www.econbiz.de/10011470792