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1. 'Destruction ... and misery' : the First World War -- 2. The Great Depression, 1929-33 -- 3. The Second World War as …The First and Second World Wars, the great depression, oil shocks, inflation, financial crises, stock market crashes …, the collapse of the Soviet command economy and third world disasters are discussed in this comprehensive book. The …
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We examine the increase in the net lending (saving minus investment) of nonfinancial corporations in the years preceding and especially following the Global Financial Crisis (GFC). We consider whether this increase in net lending is an endogenous reflection of the current weak pace of growth or...
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In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies. Based in the existing literature, we elaborate on a workable definition of secular stagnation founded on four pillars:...
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