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Ludwig von Mises was the acknowledged leader of the Austrian School of economic thought, a prodigious originator in economic theory, and a prolific author. Mises's writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to...
Persistent link: https://www.econbiz.de/10010255276
The fears of a sovereign debt crisis and the consequent lack of confidence, indicated by a widening of bond yield spreads and risk insurance of credit default swaps, have transformed a financial crisis to an economic crisis in Greece, affecting its productive bases and its income level. Up to...
Persistent link: https://www.econbiz.de/10011512754
The current economic crisis has been lasting too long, and particular examples of economic growth and unemployment reduction in some countries have not been the accelerator sufficient for the global recovery. The general level of demand is low, hence so are the investments, although the most...
Persistent link: https://www.econbiz.de/10010439088
Greece went into recession in 2009, after a decade of flourishing economic growth fluctuating annually around 4 percent; over the same period the average growth for the Eu-27 was just about 2 percent. The economic downturn had a series of adverse effects on the economy and the health sector....
Persistent link: https://www.econbiz.de/10011498360
We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999-2016 period. We find...
Persistent link: https://www.econbiz.de/10013161550
The concept of "the crisis after the crisis" recently introduced in the academic debate refers to the fact that, since the outbreak of the health crisis generated by SARS-CoV-2, the pandemic has had a major impact on all economic, social, political and cultural activities of the daily life,...
Persistent link: https://www.econbiz.de/10012939715
This report discusses the economic impact of the Coronavirus/COVID-19 crisis across industries, and countries. It also provides estimates of the potential global economic costs of COVID-19, and the GDP growth of different countries. The current draft includes estimates for 30 countries, under...
Persistent link: https://www.econbiz.de/10012703975
We analyze to what extent more generous tax loss offset regulations are associated with a weaker decline and stronger recovery of firm stock prices during economic crises. We argue that an unrestricted loss carryforward and, particularly, an unrestricted loss carryback provides firms with...
Persistent link: https://www.econbiz.de/10013186465
This study investigates how corporate R&D evolves in the light of the contemporary economic crisis. We study empirical evidence from past downturns, discuss the relevant literature, and perform an empirical analysis of recent business survey data (collected during 2009). Pivotal for our...
Persistent link: https://www.econbiz.de/10011981968
The paper deals with the geographies of the European economic crisis that had its origins in the global financial crisis of 2008-09. The crisis pushed many European economies into a deep recession and caused a mass unemployment in many countries. The crisis is analysed in a monetary economy...
Persistent link: https://www.econbiz.de/10011340775