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of overcoming the recession and enabling the recovery of production in the Croatian economy. Furthermore, the goal is to … results of the research show that the causes of recession and economic crisis in Croatia only partly refer to the external … such an action it is not possible to stop recession and direct production towards recovery. …
Persistent link: https://www.econbiz.de/10010776411
what was shaping up to be the worst recession since 1937, reduced the federal funds rate to nearly zero.1 From then on …
Persistent link: https://www.econbiz.de/10010720741
explanatory variables. We introduce the Stata commands bma and wals, which implement, respectively, the exact Bayesian model …, accuracy, computing speed, and out-of-memory problems. Performances of our bma and wals commands are illustrated using …
Persistent link: https://www.econbiz.de/10009391671
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
This Time is Different : Eight Centuries of Financial Folly is an essential reading on the history of financial crises for anyone interested in economics and finance. Compiling an extensive new database of macroeconomics and financial time series for sixty-six countries in five continents for...
Persistent link: https://www.econbiz.de/10010941571
Economic growth involves metamorphosis of the financial system. Forms of banks and bank money change. These changes, if not addressed, leave the banking system vulnerable to crisis. There is no greater challenge in economics than to understand and prevent financial crises. The financial crisis...
Persistent link: https://www.econbiz.de/10010950636
It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 percentage points lower during 1998-2012 than its...
Persistent link: https://www.econbiz.de/10010950831
This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of Accumulation...
Persistent link: https://www.econbiz.de/10010955098
Persistent link: https://www.econbiz.de/10010956689
Since the 2008 global financial crisis, and after decades of relative neglect, the importance of the financial system and its episodic crises as drivers of macroeconomic outcomes has attracted fresh scrutiny from academics, policy makers, and practitioners. Theoretical advances are following a...
Persistent link: https://www.econbiz.de/10011213304