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 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...

Als Reaktion auf die Finanzkrise änderten viele Länder ihre Politik und die Regulierung ihres Finanzsektors. Um zu prüfen, ob diese Reformen zu einer höheren Widerstandsfähigkeit der Wirtschaft dieser Länder führten, wurden im Rahmen des World Economic Survey (WES) III/2018 die an der...

Warum wurde die Finanz- und Wirtschaftskrise 2008/2010 in Deutschland so schnell überwunden? Sicher ist, dass die wirtschaftliche Ausgangslage in Deutschland besser war als in anderen Ländern. Ausreichend analysiert ist auch die Wirksamkeit einzelner Instrumente, wie etwa der...

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...