. In the current US crisis, monetary policy, in the shape of quantitative easing and historically low rates of interest … been public spending that has played the key role to avoid a deeper crisis than the one that actually took place. …

crisis, and inter alia to identification of potentially effective, and potentially ineffective, public policies. Additional …

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