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The paper aims to describe the contribution of four Harvard economists to the interpretation of the Great Depression and the policy decision making from 1933 to 1938. Lauchlin B. Currie, Jacob Viner, John H. Williams, Harry D. White, eminent scholars in the field of monetary and international...
Persistent link: https://www.econbiz.de/10013131634
We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...
Persistent link: https://www.econbiz.de/10011862894
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...
Persistent link: https://www.econbiz.de/10010231015
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies...
Persistent link: https://www.econbiz.de/10010374493
fundamental break with the region's history of boom-bust cycles. The paper traces how this history of macroeconomic volatility and …
Persistent link: https://www.econbiz.de/10012779706
growth volatility over the period 19501998. We find that a transition from pro-cyclical to countercyclical fiscal policy … ; growth volatility …
Persistent link: https://www.econbiz.de/10003990356
This paper provides a comparative analysis of the Great Depression (1929-1933) and the Great Financial Crisis (2007-2009) by contrasting the crises' main driving forces and how they relate to each other with respect to the United States. To this end, causes, consequences and measures undertaken...
Persistent link: https://www.econbiz.de/10013021968
; high terrorism activity; heightened exchange rate volatility; political turmoil; the IMF program of 2019, and most recently … exchange rate volatility by estimating a Regression model using USD/Pak-Rupee returns by controlling the impact of market … Uncertainty has a major impact on Dollar to Rupee exchange rate volatility …
Persistent link: https://www.econbiz.de/10013250944
Persistent link: https://www.econbiz.de/10011431392
Persistent link: https://www.econbiz.de/10003908054