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Persistent link: https://www.econbiz.de/10012226122
As the COVID-19 crisis intensified, policymakers at the federal, state, and local levels started suspending or rescinding laws and regulations that hindered sensible, speedy responses to the pandemic. These “rule departures” raised many questions. Were the paused rules undermining public...
Persistent link: https://www.econbiz.de/10012835016
We develop a rational expectations model of financial bubbles and study ways in which a generic risk-return interplay is incorporated into prices. We retain the interpretation of the leading Johansen-Ledoit-Sornette model, namely, that the price must rise prior to a crash in order to compensate...
Persistent link: https://www.econbiz.de/10011523683
This paper will provide information on what happened in the financial crisis of 2008 and how to graph volatility outside of the option market. We will investigate the causes of the financial crisis, as well as some of the social inequalities that still exist today. We will explore household...
Persistent link: https://www.econbiz.de/10012993297
Previous analyses of macroeconomic imbalances have employed models that either focus exclusively on real-side effects or financial-side disturbances. Structuralist models make the highly unrealistic assumption that financial surplus firms effortlessly and costlessly transfer those surpluses to...
Persistent link: https://www.econbiz.de/10013078740
The description of the dynamics and fluctuations of macro variables remains one of the most exciting problems of financial economics. This paper models macro variables via the description of transactions between agents. We use risk ratings x of agents as their coordinates in the economic space....
Persistent link: https://www.econbiz.de/10011883437
International Monetary Fund. The countries with crises have been analysed with respect to publicly available World Bank indicators … significant differences with respect to World Bank good governance indicator values for the period before the crisis. Control of … corruption, rule of law, and government effectiveness are the indicators which are statistically different for these sets of …
Persistent link: https://www.econbiz.de/10010200390
about the effect of the pandemic for longer-term outcomes such as corruption. We look at the historical data on political … and economic crises to assess what we can learn from the long-term effects of past crises on corruption. We hypothesize … corruption. We test our hypotheses using panel data for over 100 countries during the years 1800- 2020. The results suggest …
Persistent link: https://www.econbiz.de/10013173620
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