.a. But the financial crisis and the Great Recession which began in Spring 2008 have dealt this optimistic picture a … financial crises, particularly banking crises, on productivity, capital, TFP and employment. Based on a cross-country panel …

In this paper I argue that the financial crisis is likely to have a long term impact on the level of labour …

When do financial markets help in predicting economic activity? With incomplete markets, the link between financial and … real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail …" macroeconomic events. We examine this conjecture by studying Bayesian predictive distributions for output growth and inflation in …

This paper argues that the subprime financial crisis reflects weakness in the real economy of the US from its start …. Our comparison with prior US recessions indicates that the epicenters of most of the recessions were in the financial … debts combined with a high rate of inflation show a difficult situation US policy makers face. At an international scene …

Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose … core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i … inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the …

additional tightening needed could cause significant financial stress and increase the likelihood of a global recession next year … recession. This paper relies on insights gleaned from previous global recessions to analyze the recent evolution of economic …, every global recession since 1970 was preceded by a significant weakening of global growth in the previous year, as has …

The authors analyze changes resulting from impacts of the globalization process and the crisis on the financial markets … of the current regulatory measures for the financial/banking markets, and the insurance sector in particular, is …

This paper surveys some of the important literatures on financial, economic and social systems with an eye towards …

institutions will also be considered as part of those factors attributable to why the financial environment has become transformed … in the way financial regulation is carried out, as well as developments which have contributed to the de formalisation of …