This book review presents a summary of “Fault Lines: How Hidden Fractures Still Threaten the World Economy” by Raghuram Rajan, who puts forward a clear and cogent account of the latest global financial crisis. With the historical perspective he adopts, Rajan digs in deeper than the shallow...

At present, there is not an unique indicator to evaluate the converge process. Varying with the assumptions and methodologies considered, with the indicators used and with the periods analysed, the results of the studies on convergence in the European Union are often ambiguous. Some of them...

The G7 or G-7 is a group consisting of the finance ministers of seven developed nations: the U.S., Japan, France, Germany, Italy, U.K. and Canada. They have been listed by the size of their national net wealth. They are the seven wealthiest developed nations on Earth by national net wealth as...

In Romania, in the last year the economic growth is a real phenomenon that is not our subject for demonstration or for analyze in this paper. Our concern is related with the way of manifestation for economic growth in the economic system. We study if not the economic growth on the contrary of...

Book review of Heilbroner, R. L.; Milberg, W. (1995): "The Crisis of Vision in Modern Economic Thought", The Press Syndicate of the University of Cambridge, Nueva York

This paper examines regional and institutional influences on the determinants of long-term economic growth in the OECD. We construct a growth equation based on the new growth model of Barro with a catch-up variable, total investments, total tax revenues exclusive social security benefits,...

Este trabajo se propone aportar elementos para argumentar la idea de que la debilidad de la recuperación que tuvo lugar en la economía norteamericana entre 2001 y 2008, así como la agudización de desequilibrios (comerciales, financieros, fiscales y distributivos) en ese período demuestran...

Growth in the CESEE region will follow the unimpressive pattern displayed by the euro area. The longer-term convergence of income levels in the CESEE countries can no longer be expected to be as rapid as was assumed a decade or so ago. Growth in the period 2015-2017 is not going to deviate...

A 2008-ban kirobbant pénzügyi válság ráirányította a figyelmet a főáramú makroökonómiára, amely a válság előrejelzésében és magyarázatában igen gyenge teljesítményről tett tanúbizonyságot. Az elmúlt másfél-két évtizedben az újklasszikus és az újkeynesi iskola...

We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...