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The 'Austerity Myth' : Gain Without Pain?

Perotti, Roberto - 2014

- Finland and Sweden - after floating the currency. All four fiscal episodes were associated with an expansion; but only in … sterling coincidentally appreciated. In Finland and Sweden the currency experienced an extremely large depreciation after … wage negotiation process. In Finland and Sweden, the adoption of inflation targeting at the same time of the consolidation …

Persistent link: https://www.econbiz.de/10013067012

The slowdown in Finnish productivity growth : Causes and consequences

Calligaris, Sara - 2023

This report analyses the trends in Finnish productivity growth over the 2000s and 2010s. It describes its key features, makes comparisons to a benchmark of 16 OECD countries, and studies the causes of its sudden and prolonged slowdown which began at the end of the 2000s. The analysis focuses on...

Persistent link: https://www.econbiz.de/10014278761

Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system

Hein, Eckhard - 2016

The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...

Persistent link: https://www.econbiz.de/10011431645

A neoclassical perspective on Switzerland's 1990s stagnation

Stucki, Yannic; Thomet, Jacqueline - 2018

We study Switzerland's 1990s growth weakness through the lens of the business cycle accounting framework by Chari, Kehoe, and McGrattan (2007). Our main result is that weak productivity growth cannot account for the experienced stagnation. Rather, the stagnation is explained by factors that made...

Persistent link: https://www.econbiz.de/10011961309

Previous financial crises leading to stagnation : selected case studies

Dodig, Nina; Herr, Hansjörg - 2014

This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...

Persistent link: https://www.econbiz.de/10010242870

A neoclassical perspective on Switzerland’s 1990s stagnation

Stucki, Yannic; Thomet, Jacqueline - In: Swiss journal of economics and statistics 157 (2021) 1, pp. 1-26

We study Switzerland's weak growth during the 1990s through the lens of the business cycle accounting framework of Chari et al. (Econometrica 75(3):781-836, 2007). Our main result is that weak productivity growth cannot account for the 1993-1996 stagnation episode. Rather, the stagnation is...

Persistent link: https://www.econbiz.de/10012793482

Financialisation and macroeconomic regimes in emerging capitalist economies before and after the Great Recession

Akcay, Ümit; Hein, Eckhard; Jungmann, Benjamin - 2021

In recent years, diverging demand and growth regimes have received greater scholarly attention. In particular, the intersection between different variants of Comparative Political Economy and the post-Keynesian macroeconomic analysis provides a promising avenue for understanding the main...

Persistent link: https://www.econbiz.de/10012489423

The Global Economic Recovery 10 Years after the 2008 Financial Crisis

Mrkaic, Mico - 2019

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...

Persistent link: https://www.econbiz.de/10012869286

A Catastrophe Foretold : Economic Reform, Crisis, Recovery and Employment in Argentina

Maletta, Hector E. - 2007

The economic crisis of 2001-2002 in Argentina caused a large increase in unemployment. Policy responses have been imperfect. This paper discusses the roots and character of the crisis, the policies implemented to address the resulting social situation, and the quality of early warning indicators...

Persistent link: https://www.econbiz.de/10014058203

The Spanish Economic Crisis : Key Factors and Growth Challenges in the Euro Area

Ortega, Eloísa - 2012

The economic crisis affecting the industrialized countries in recent years has been singular given its intensity, complexity and the difficulties in overcoming it. The aim of this paper is to analyze the determinants behind the crisis that have made it deeper and longer in Spain than in previous...

Persistent link: https://www.econbiz.de/10013109749

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