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Financialization, housing bubble, and the Great Recession : an interpretation based on a circuit of capital model

Rugitsky, Fernando - 2015

Persistent link: https://www.econbiz.de/10011524518

The global economic crisis : long-term unemployment in the OECD

Junankar, P. N. Raja - 2011

This paper analyses the impact of the global economic crisis on unemployment and long term unemployment in the OECD. It uses simple econometric models using panel data (quarterly) and time series data. In general, we find that long term unemployment increases with the unemployment rate, there is...

Persistent link: https://www.econbiz.de/10009516908

House prices and the distribution of wealth around the great recession

Cóndor, Richard; Moguel, Rodolfo Oviedo - 2023

This paper employs a calibrated model of the US economy to analyze the boom and bust in house prices as well as the shifts in the distribution of wealth during the years around the Great Recession. We replicate the dynamics of the housing market using shocks to aggregate income, the distribution...

Persistent link: https://www.econbiz.de/10014301444

Managing housing bubbles in regional economies under EMU : Ireland and Spain

Conefrey, Thomas; FitzGerald, John D. - 2009

With the advent of EMU monetary policy can no longer be used to prevent housing market bubbles in regional economies … such as Ireland or Spain. However, fiscal policy can and should be used to achieve the same effect. This paper shows that … the advent of EMU relaxed existing financial constraints in Ireland and Spain, allowing a more rapid expansion of the …

Persistent link: https://www.econbiz.de/10003880512