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How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This …
Persistent link: https://www.econbiz.de/10014327353
macroeconomic imbalances. The following analysis poses the question how the national economic structures can be made more resilient … to a shock (be it a financial crisis or any other form of shock) and how economic policy can act in order to stabilise … the economy before and after such a shock. This analysis supplements studies on the causes of the financial crisis, proper …
Persistent link: https://www.econbiz.de/10011435262
This paper compares the depth and length of the recent crisis with the Great Depression in the 1930s. It claims that economic policy played a crucial role in shortening and curtailing the recent crisis. We analyse which policies were applied during the recent crisis and which measures worked. We...
Persistent link: https://www.econbiz.de/10011435292
eliminating frictions that hamper efficient allocation of resources in factor markets can be seen as a positive shock that will …
Persistent link: https://www.econbiz.de/10011432712
The downturn in the world economy following the global banking crisis has left the Chinese economy relatively unscathed. This paper develops a model of the Chinese economy using a DSGE framework with a banking sector to shed light on this episode. It differs from other applications in the use of...
Persistent link: https://www.econbiz.de/10010397727
Persistent link: https://www.econbiz.de/10014306476
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
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