In the immediate wake of the Great Recession we didn't see the disinflation that most models predicted and, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model that properly accounts for domestic and global factors. Such...

Contents: Part I: What were the causes of the Great Recession? -- Preface to part I / Tim Congdon -- 1. What were the causes of the Great Recession?: the mainstream approach vs. the monetary interpretation / Tim Congdon -- 2. The debate over 'quantitative easing' in the UK's Great Recession and...

Zehn Jahre danach: Der Finanzcrash und seine dramatischen Folgen Als die US-Grossbank Lehman Brothers im September 2008 zusammenbrach, war dies der Tiefpunkt der Banken- und Finanzkrise. Und obwohl der totale Kollaps der Weltwirtschaft damals verhindert wurde, ist die Finanzkrise noch lange...

In the immediate wake of the Great Recession we didn't see the disinflation that most models predicted and, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model that properly accounts for domestic and global factors. Such...