Showing 51 - 60 of 8,578
Explaining the Eurozone crisis requires explaining the origins of the external imbalances until then. The paper divides the literature arguments into three "fundamental causes", not mutually exclusive: a competitiveness problem, North-South flows, and excess of public and/or private spending....
Persistent link: https://www.econbiz.de/10014242081
Persistent link: https://www.econbiz.de/10001202954
Persistent link: https://www.econbiz.de/10011863587
Persistent link: https://www.econbiz.de/10011895851
Persistent link: https://www.econbiz.de/10001573919
Persistent link: https://www.econbiz.de/10003392950
Persistent link: https://www.econbiz.de/10003354368
We document that monetary policy has a substantial impact on innovation activities. After a tightening shock of 100 …-based aggregate innovation index, declines by up to 9 percent in the following 2 to 4 years. Based on previous estimates of the … sensitivity of output to innovation activities, these magnitudes imply that output could be 1 percent lower after another 5 years …
Persistent link: https://www.econbiz.de/10014372455
"Financial crisis" is sometimes regarded as synonymous with "economic crisis", but this is an oversimplification and risks missing the feedback loops between the financial and real economies. In this paper, the role of money is revisited in the context of distinguishing the real economy from the...
Persistent link: https://www.econbiz.de/10012520029
Persistent link: https://www.econbiz.de/10014535076