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Macroeconomic Adjustment and the History of Crises in Open Economies
Aizenman, Joshua; Noy, Ilan - National Bureau of Economic Research (NBER) - 2012
experience has a significant impact on savings. When facing considerable political risk, the past does seem to matter - countries …
Persistent link: https://www.econbiz.de/10010969363
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Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone
Martin, Philippe; PHILIPPON, Thomas - National Bureau of Economic Research (NBER) - 2014
We provide a comprehensive account of the dynamics of eurozone countries from 2000 to 2012. We analyze private leverage, fiscal policy, labor costs and interest rates and we propose a strategy to separate the impact of credit cycles, excessive government spending, and sudden stops. We then ask...
Persistent link: https://www.econbiz.de/10010951017
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POLAND’S DECISION TO ADOPT THE EURO
Arora, Ankit - In: Polish Journal of Management Studies 5 (2012) 1, pp. 150-179
the Second World War, a brief snapshot of pre-European Union and Euro zone era, to understand the political and economic …
Persistent link: https://www.econbiz.de/10010555086
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World Real Interest Rates: A Global Savings and Investment Perspective
Desroches, Brigitte; Francis, Michael - Bank of Canada - 2007
possible shifts in global savings and investment that have led to this fall in the world real interest rate. There are several … factors explaining movements in savings and investment are variables that evolve relatively slowly over time, such as labour … key findings. First, the authors identify the relative weakness in investment demand as more important than the relative …
Persistent link: https://www.econbiz.de/10005808394
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ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS
Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003
Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
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Housing Markets and Current Account Dynamics
Gete, Pedro - Volkswirtschaftliche Fakultät, … - 2009
This paper makes a theoretical and an empirical contribution to the debate on what caused the "global imbalances". On the empirical side, I provide different types of evidence to support that housing demand shocks (shocks to the aggregate marginal rate of substitution between housing and...
Persistent link: https://www.econbiz.de/10008619183
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The Future of Banking in CESEE after the Financial Crisis
Eller, Markus; Frömmel, Michael; Gnan, Ernest; Simor, … - SUERF - The European Money and Finance Forum
On 23 June 2010, the Magyar Nemzeti Bank and SUERF jointly organised a conference on "The Future of Banking in CESEE after the Financial Crisis", incorporating the SUERF Annual Lecture, delivered by Manfred Schepers, Vice President, Finance at the European Bank for Reconstruction and...
Persistent link: https://www.econbiz.de/10009003008
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Investments in research and development: case study in Eastern Europe
Coada, Raluca; Gogan, Luminita Maria - In: Review of Applied Socio-Economic Research 7 (2014) 1, pp. 25-32
level. Today, the world development level results from an ongoing investment, in various forms. The different ways to invest … investment in research and development on productivity growth as a major determinant of competitiveness and economic growth. So … field. In this paper we propose to consider first the role of investment in the creation of competitive advantage in the …
Persistent link: https://www.econbiz.de/10010785494
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Sur les Causes et les Effets en Macro-Economie : les Contributions de Sargent et Sims,Prix Nobel d'Economie 2011
Collard, Fabrice; Fève, Patrick - Institut d'Économie Industrielle (IDEI), Toulouse … - 2012
Cet article présente les contributions originelles et essentielles de T. Sargent et C. Sims à la modélisation macro-économétrique. Après avoir exposé leur critique de la modélisation existante, cet article s'attache à préciser l'originalité de leurs approches respectives. La...
Persistent link: https://www.econbiz.de/10010968941
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The Supply and Demand for Safe Assets
Gorton, Gary; Ordonez, Guillermo L. - National Bureau of Economic Research (NBER) - 2013
There is a demand for safe assets, either government bonds or private substitutes, for use as collateral. Government bonds are safe assets, given the government's power to tax, but their supply is driven by fiscal considerations, and does not necessarily meet the private demand for safe assets....
Persistent link: https://www.econbiz.de/10010969335