Showing 1 - 10 of 7,241
This paper reviews recent developments in macro and finance on the relationship between financial risk and the real economy. We focus on three specific topics: the term structure of uncertainty, time variation - and specifically the long-term decline - in the variance risk premium, and time...
Persistent link: https://www.econbiz.de/10014437009
Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of the theory, derived from his recognition of bank...
Persistent link: https://www.econbiz.de/10009367470
This paper provides a comparative analysis of the Great Depression (1929-1933) and the Great Financial Crisis (2007-2009) by contrasting the crises' main driving forces and how they relate to each other with respect to the United States. To this end, causes, consequences and measures undertaken...
Persistent link: https://www.econbiz.de/10013021968
Persistent link: https://www.econbiz.de/10013480968
Persistent link: https://www.econbiz.de/10001266121
Persistent link: https://www.econbiz.de/10000615211
Main description: Warum brach über Deutschland nach der vielversprechenden Stabilisierung der Mark 1923/24 und dem anschließenden Aufschwung eine Krise von ungekanntem Ausmaß herein? Welche Faktoren verbanden sich zu dieser Katastrophe? Wäre sie zu verhindern gewesen? Hätte die...
Persistent link: https://www.econbiz.de/10014508783
Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....
Persistent link: https://www.econbiz.de/10013046679
Persistent link: https://www.econbiz.de/10001497480