Previous studies have argued that output growth in advanced economies declined during the Great Recession and remained low afterward. This paper proposes a model to explain this slowdown in output growth. We incorporate wealth preferences and downward nominal wage rigidity into a standard...

Previous studies have argued that output growth in advanced economies declined during the Great Recession and remained low afterward. This paper proposes a model to explain this slowdown in output growth. We incorporate wealth preferences and downward nominal wage rigidity into a standard...

The future sustainability of cities is contingent on economic resilience. Yet, urban resilience is still not well understood, as cities are frequently disrupted by shocks, such as natural disasters, economic recessions, or changes in government policies. These shocks can significantly alter a...

This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...

This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...

This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova1. It provides a background of the country's development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country's fiscal...

This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...

This study reviews the impact of the global financial crisis on public service delivery in the Republic of Moldova1. It provides a background of the country's development in the period prior to the crisis (2000 to 2007/2008) and presents the factors which determined the country's fiscal...

Homo transformaticus, therefore, is the carrier of a necroeconomy's routine who transforms economy. Unlike a necroeconomy, whose routine is carried by a human being which is 'still-to-be-formed,' a zombie-economy's routine is carried by the 'gone and departed' man, the so-called zombie...

After the collapse of the Communist regimes, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. An economy of this type is nothing more than a 'necroeconomy.' Dead firms ('zombie-firms') do exist and 'successfully'...