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...

The paper examines changes in the Bulgarian economy following the global financial and economic crisis of 2008. The discussion is primarily based on the behavior of economic agents in the crisis – households and companies. The paper also seeks to address the changes in the external and fiscal...

The outbreak of the subprime mortgage crisis is a historic event, marking the end of the excessive consumption model and laissez-faire capitalism. It also marked the collapse of the old economic structure, ushering in a period of dramatic adjustment and turbulence. For the next few years, China...