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Building on the framework put forward by Delli Gatti et al. 2011, in this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous framework consists in the introduction of capital goods...
Persistent link: https://www.econbiz.de/10010352411
of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable due … to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …
Persistent link: https://www.econbiz.de/10010368599
' sovereign exposures and their effects during and after the crisis. First, public, bailed out and poorly capitalized banks …
Persistent link: https://www.econbiz.de/10011541793
The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing …
Persistent link: https://www.econbiz.de/10011545315
to the 2008 crisis and to determine whether the ex-ante differences in corporate financial structure had an impact on the … severity of the 2008 financial crisis in European countries. The analysis confirms a negative relationship between the … corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …
Persistent link: https://www.econbiz.de/10011551388
Uncertainty in economics is generated by 'nature' but also by the model we use to 'produce the future'. The production of the future comprises besides the allocation of resources on different instruments (technologies, financial products) also the design of the instruments. Specialization and...
Persistent link: https://www.econbiz.de/10011555272
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...
Persistent link: https://www.econbiz.de/10011569390
Recent research suggests that employment in young firms is more negatively impacted during economic downturns than employment in incumbent firms. This questions the effectiveness of policies that promote entrepreneurship to fight crises. We complement prior research that is mostly based on...
Persistent link: https://www.econbiz.de/10011580354
international response to the 2007-2008 financial crisis. Particularly, the liquidity coverage ratio (LCR) introduced by the Basel …
Persistent link: https://www.econbiz.de/10011587854
This paper provides a policy analysis of the EU Emissions Trading System and its crisis. The aim of the research is to … give an answer to the question why the EU Emissions Trading System is in crisis and cannot be revised in an effective way … revisions of the system. For this reason, the EU Emissions Trading System can be considered to be in crisis because it is based …
Persistent link: https://www.econbiz.de/10011595853