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We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, we first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes eight...
Persistent link: https://www.econbiz.de/10009636549
The mandate for this study was to undertake an evaluation of EU external action as managed by three DGs: DG RELEX, DG DEV and DG AIDCO. The Terms of Reference identified two main objectives (ToR, Feb 2010, Section 1 – reproduced in Annex 1): · To provide an overall independent assessment of...
Persistent link: https://www.econbiz.de/10011799380
budgets. It generally finds only a weak correlation of economic growth and aid of OECD donors between 1971 and 2008, and aid … improved developing countries' growth perspectives and reduced their dependency on aid inflows. …
Persistent link: https://www.econbiz.de/10011291906
The present global financial crisis is the deepest since the Great Depression of the 1930s. It has impacted severely on … the depressive effects of the crisis. The crisis has also impacted on the research agenda of the economics profession, in … particular of those economists who work on policyrelated issues concerning stabilisation, economic growth and structural reforms …
Persistent link: https://www.econbiz.de/10011291907
The 1937/38 recession in the United States is often quoted as a warning against premature exits from monetary and fiscal stimulus. The presumption is that the 1937/38 recession was indeed due to such a premature exit. This Economic Brief presents evidence that goes against this view. The 1937/38...
Persistent link: https://www.econbiz.de/10011291908
resilience to global economic crisis, which had its epicentre in Mexico's Northern neighbour. In this Economic Brief the …
Persistent link: https://www.econbiz.de/10011291909
debated the causes and consequences of the crisis, and the best way to spur economic growth in Europe, including on how to …The 11th Brussels Economic Forum, held on 25-26 May 2010, took place against a background of the Greek debt crisis and … make growth greener and more sustainable. This special edition of DG ECFIN's Economic Brief series reproduces the keynote …
Persistent link: https://www.econbiz.de/10011291910
financial consequences of the crisis were less severe for Estonia, which is currently a candidate to join the euro area in 2011 …. In the coming years the main challenge for these countries is to re-launch their potential for growth while completing …
Persistent link: https://www.econbiz.de/10011291911