Nach jahrelanger Recherche auf fünf Kontinenten haben zwei junge Epidemiologen ihre haarsträubenden Ergebnisse zu einem provokanten und dringlichen Pamphlet zusammengefasst: Es beweist, dass die aktuelle Sparpolitik nicht nur ökonomisch widersinnig agiert, sondern eine nicht wieder...

Preface -- The coming financial crisis : it's worse than you think -- Is the United States becoming Greece? -- The debt deniers -- It's about entitlements, stupid -- Social security : facing up to ponzi -- Medicare: the 800/pound gorilla -- Medicaid : strike two for government health care --...

The "Great Trade Collapse" triggered by the 2008-09 crisis calls for a careful assessment of the trade losses from financial crises. We adopt a more detailed perspective by looking at the response of different types of trade (i.e. agricultural, mining, and manufactured goods, and services)...

This paper looks at the macroeconomic impact of the two policies proposed by ECB Banking Supervision to tackle the high share of non-performing loans (NPLs) on the balance sheets of euro area banks. The first is the coverage expectations for new NPLs set out in the Addendum to the ECB's NPL...

This paper provides an overview of stress-testing methodologies in Europe, with a focus on the advancements made by the European Central Bank's Financial Stability Committee Working Group on Stress Testing (WGST). Over a four-year period, the WGST played a pivotal role in refining stress-testing...