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This paper examines three areas in which analogies have been made between the interwar depression and the financial crisis of 2007 which reached a dramatic climax in September 2008 with the collapse of Lehman Brothers and the rescue of AIG: they can be labeled macro-economic, micro-economic, and...
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Using panel data covering 180 countries over six decades, this paper shows that recessions are systematically associated with higher mortality rates. During years when GDP falls, death rates rise, primarily in emerging market and developing economies and there among children in particular. In...
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A recent paper has highlighted some close correspondences between economic performance during the present world … recession and that during the early months of the great depression that began in late 1929. World industrial production from … world trade volumes have fallen more rapidly than in the comparable period. These comparisons lead Eichengreen and O …
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