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Persistent link: https://www.econbiz.de/10011696243
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...
Persistent link: https://www.econbiz.de/10013245823
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...
Persistent link: https://www.econbiz.de/10013191262
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...
Persistent link: https://www.econbiz.de/10013289119
The Korean economy grew at an annual average rate of 3% in 2011-2018, which appears to be a downward trend and not a temporary setback. A prolonged growth accounting reveals that the Korean economy will likely grow to a low-to-mid 2% (annual average) in the 2020s when productivity is expected to...
Persistent link: https://www.econbiz.de/10012866933
bankruptcy, should the euro continue to exist <br>4.4 Target losses in the case of a euro break-up or a German exit <br>4.5 Shift …
Persistent link: https://www.econbiz.de/10011148828
Quaisser die Tagung "Zehn Jahre Euro - Bewährung in der Finanzkrise" statt. Einige der dort vorgestellten Referate sind hier … aktuellen Finanz- und Wirtschaftskrise - eine baldige Übernahme des Euro in den restlichen EU-Ländern sei. Theo Waigel …, Europäische Zentralbank, haben der Euro und die gemeinsame europäische Geldpolitik in den letzten zehn Jahren eine Entwicklung …
Persistent link: https://www.econbiz.de/10011692881
to refinancing credits 4.3 Target losses in the case of exit and bankruptcy, should the euro continue to exist 4.4 Target … losses in the case of a euro break-up or a German exit 4.5 Shift in growth forces due to free insurance coverage 4.6 The path …
Persistent link: https://www.econbiz.de/10011696132
Quaisser die Tagung "Zehn Jahre Euro - Bewährung in der Finanzkrise" statt. Einige der dort vorgestellten Referate sind hier … aktuellen Finanz- und Wirtschaftskrise - eine baldige Übernahme des Euro in den restlichen EU-Ländern sei. Theo Waigel …, Europäische Zentralbank, haben der Euro und die gemeinsame europäische Geldpolitik in den letzten zehn Jahren eine Entwicklung …
Persistent link: https://www.econbiz.de/10005055652
institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with … regard to managing the euro crisis, preventing protracted stagnation, and containing deflation threats. The bank remains … attached to the euro area’s official competitive wage-repression strategy, which is in conflict with the ECB's price stability …
Persistent link: https://www.econbiz.de/10011481632