From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis … Taylor rules for our economy that are consistent with a strong pro-inflationary reaction during financial crisis while …

profitability after the crisis of the 1970s, and has caused an erosion of salary and social conquests attained by labor after the …

The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the …

The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage …

automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional …