Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...

The frequency of financial crises over recent decades makes an in-depth study of the phenomenon imperative. This should involve particular attention to those points the different crises have in common, so as to draw lessons that can be used by financial authorities, regulators and the actual...

Capitalism and the crisis : bankers, bonuses, ideology, and ignorance / Jeffrey Friedman -- An accident waiting to happen : securities regulation and financial deregulation / Amar Bhid -- Monetary policy, credit extension, and housing bubbles : 2008 and 1929 / Steven Gjerstad and Vernon L. Smith...

The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...

Nach Ansicht von Josef Braml und Claudia Schmucker, Deutsche Gesellschaft für Auswärtige Politik, Berlin, sollte angesichts der abzusehenden Blockade der politischen Gewalten in den USA mehr Augenmerk auf die Gestaltungsmacht der US-Notenbank gerichtet werden: Die Federal Reserve versuche...