Showing 1 - 10 of 133,420
The economic meltdown since 2008-9 has created disinflation, and even deflation in some countries in the Euro-area, in … disinflation and deflation push up the real interest rate, while growth and income declines, the leveraging problem becomes more … feedback loops, given the debt deflation, we demonstrate the possibility of unstable dynamics and downward spirals in the …
Persistent link: https://www.econbiz.de/10011452796
The economic meltdown since 2008-9 has created disinflation, and even deflation in some countries in the Euro-area, in … disinflation and deflation push up the real interest rate, while growth and income declines, the leveraging problem becomes more … feedback loops, given the debt deflation, we demonstrate the possibility of unstable dynamics and downward spirals in the …
Persistent link: https://www.econbiz.de/10012994480
Persistent link: https://www.econbiz.de/10003029071
Persistent link: https://www.econbiz.de/10009490769
Persistent link: https://www.econbiz.de/10010370894
Persistent link: https://www.econbiz.de/10002636860
Persistent link: https://www.econbiz.de/10003109470
Persistent link: https://www.econbiz.de/10012264066
Persistent link: https://www.econbiz.de/10010417148
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and 2019. We find our structural estimates are stable but substantially lower than the reduced-form estimates that tend to characterise the literature and that the responsiveness of...
Persistent link: https://www.econbiz.de/10015052585