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After the Bust: The Outlook for Macroeconomics & Macroeconomic Policy
Palley, Thomas I. - 2008
The current economic crisis offers an historic opportunity for change. The depth of the crisis means there will likely be a policy turn in a Keynesian and even Post Keynesian direction. However, there are profound political, intellectual and sociological obstacles blocking change in underlying...
Persistent link: https://www.econbiz.de/10010460471
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Spinning out of control: Iceland in crisis
2009
Persistent link: https://www.econbiz.de/10014306476
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Shifting into digital services: Does a crisis matter and for who?
van der Marel, Erik - 2020
How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This paper uses a Difference-in-Difference (DID) approach to investigate whether services trade became more digital after the Global Financial Crisis (GFC) in 2008. It finds that the...
Persistent link: https://www.econbiz.de/10014327353
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The impact of international migration and remittances on the labor-supply behavior of those left behind: evidence from Egypt
Binzel, Christine; Assaad, Ragui - 2009
for men and women separately. Additionally, we examine the labor supply behavior of wives whose husband migrated. We draw … wives') total work load. Men are generally less affected. Our results suggest that it is important to differentiate between …
Persistent link: https://www.econbiz.de/10010271122
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After the bust: The outlook for macroeconomics and macroeconomic policy
Palley, Thomas I. - 2009
Change was the buzzword of the Obama campaign, in response to a political agenda precipitated by financial turmoil and a global economic crisis. According to Research Associate Thomas Palley, the neoliberal economic policy paradigm underlying that agenda must itself change if there is to be a...
Persistent link: https://www.econbiz.de/10010280363
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Warrant economics, call-put policy options and the fallacies of economic theory
Hatgioannides, John; Karanassou, Marika - 2011
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10010282231
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Are earthquakes needed to shake economics?
Schettkat, Ronald - 2010
The current crisis is like an earthquake for the theoretical foundations of economic policies, which have guided governments and central banks for the last few decades. The efficient market hypothesis and its application to labor markets -'natural rate theory'- dominated interpretations of...
Persistent link: https://www.econbiz.de/10010291082
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On the economic crisis and the crisis of economics
Beker, Victor A. - 2010
The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic …
Persistent link: https://www.econbiz.de/10010300700
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A critique and reframing of personality in labour market theory: Locus of control and labour market outcomes
Trzcinski, Eileen; Holst, Elke - 2011
on data from the German Socio-Economic Panel, we investigated the extent to which gender differences occur in the … development of one particular aspect of personality, locus of control. Gender differences were more pronounced in the results for … gender differences. We conclude by arguing that an explicitly value-laden analysis of the rewards associated with personality …
Persistent link: https://www.econbiz.de/10010282163