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Prognosekrise : warum weniger manchmal mehr ist

Zimmermann, Klaus F. - 2009

Angesichts der gegenwärtigen Finanzmarkt- und Wirtschaftskrise überbieten sich die Anbieter von Prognosen derzeit in immer neuen Schreckenszenarien und pessimistischen Konjunkturvorhersagen. Prognosen beeinflussen Verhalten und Stimmungen und sind deshalb in Krisenzeiten von besonderer...

Persistent link: https://www.econbiz.de/10003874797

The global financial crisis and a new capitalism?

Bresser-Pereira, Luiz Carlos - 2010

-based on self-regulated and efficient markets. Although laissez-faire capitalism is intrinsically unstable, the lessons of the … regulations that led to the '30 glorious years of capitalism' (1948-77) and that could have helped avoid a financial crisis as … to predict. It will not be financialized, but the glory years' tendencies toward a global and knowledge-based capitalism …

Persistent link: https://www.econbiz.de/10010281712

Das Verhalten der EZB während der Finanzmarktkrise(n)

Ruckriegel, Karlheinz - In: Wirtschaftsdienst 91 (2011) 2, pp. 107-114

Der Lehman-Pleite im Herbst 2008 gingen bereits 2007 Turbulenzen am Geldmarkt voraus. Die EZB hat darauf und auf die immer wiederkehrende Panik an den Finanzmärkten besonnen reagiert. Allerdings wird es schwieriger, die Entwicklungen einzuschätzen, denn das Verhalten der Finanzmärkte lässt...

Persistent link: https://www.econbiz.de/10010293614

On the economic crisis and the crisis of economics

Beker, Victor A. - 2010

The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic …

Persistent link: https://www.econbiz.de/10010300700

The crisis of fair value accounting: Making sense of the recent debate

Laux, Christian; Leuz, Christian - 2009

The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters' push to extend FVA into other areas. In this article, we highlight four important issues as an...

Persistent link: https://www.econbiz.de/10010303740

Prognosekrise: Warum weniger manchmal mehr ist

Zimmermann, Klaus F. - 2009

Persistent link: https://www.econbiz.de/10010331483

A critique of the literature on the US financial debt crisis

Stein, Jerome L. - 2010

A healthy financial system encourages the efficient allocation of capital and risk. The collapse of the house price bubble led to the financial crisis that started in 2007. There is a large empirical literature concerning the relation between asset price bubbles and financial crises. I evaluate...

Persistent link: https://www.econbiz.de/10010266065

Rating agencies: an information privilege whose time has passed

Véron, Nicolas - 2009

Nicolas Véron argues rating agencies have failed the marketplace in the run-up to the crisis, as their risk assessment processes have been found wanting on a number of counts. It is not clear that conflicts of interests have been the root cause of this serious failure, even if such conflicts...

Persistent link: https://www.econbiz.de/10010273696

The financial crisis and the systemic failure of academic economics

Colander, David C.; Föllmer, Hans; Haas, Armin; … - 2009

The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold. In our view, this lack of understanding is due to a misallocation of research efforts in...

Persistent link: https://www.econbiz.de/10010274324

After the bust: The outlook for macroeconomics and macroeconomic policy

Palley, Thomas I. - 2009

Change was the buzzword of the Obama campaign, in response to a political agenda precipitated by financial turmoil and a global economic crisis. According to Research Associate Thomas Palley, the neoliberal economic policy paradigm underlying that agenda must itself change if there is to be a...

Persistent link: https://www.econbiz.de/10010280363