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This paper is devoted to the ability of selected European countries to face the potential economic crisis caused by COVID-19. Just as other pandemics in the past (e.g., SARS, Spanish influenza, etc.) have had negative economic effects on countries, the current COVID-19 pandemic is causing the...
Persistent link: https://www.econbiz.de/10012321996
Front -- Contents -- Introduction -- Austere ideas for austere societies from Aristotle to Aquinas -- Austerity v …. reason from Mandeville to Voltaire -- Austerity for capitalism from Smith to Weber -- Austerity for stability from the Great … War to the next -- Austerity can wait Keynes -- Austerity for the state Hayek -- Austerity for the planet green ideas of …
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We present estimates of finance-adjusted output gaps which incorporate the information on the domestic and global credit cycles for a sample of emerging market economies (EMEs). Following recent BIS research, we use a state-space representation of an HP filter augmented with a measure of the...
Persistent link: https://www.econbiz.de/10011637326
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dataset on economic crises after the Second World War. Results show that, in terms of the real economy, developing countries …
Persistent link: https://www.econbiz.de/10012855488