output changes at an early stage. We illustrate the method with an evaluation of the impact of the 2008-2009 crisis in …

and after the start of the current financial crisis. The study finds, first, that bond yield spreads before and during the … crisis can largely be explained on the basis of economic principles. Second, markets penalise fiscal imbalances much more … US which they did not have before the crisis. These findings underpin the need for achieving sound fiscal positions in …

From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered … interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis … Taylor rules for our economy that are consistent with a strong pro-inflationary reaction during financial crisis while …

crisis since mid-2007. We also find that there is some tendency of the yield movements to be larger when the demand for the …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …

financial crisis, but had a negligible impact on uncollateralised debt issuance decisions. …

Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in … and remains at around three million workers below the pre-crisis level. However, in comparison with the severity of the … labour hoarding in several euro area countries. While the crisis has, so far, had a more limited or shorter-lived impact in …

The recent shift from ‘global villageism’ to the ‘new wars’ revealed a deep crisis in heterodox political economy. The … some measure of growth and stability, depth thrives on ‘accumulation through crisis.’ The past twenty years were dominated … capital now needs inflation, and inflation requires instability and social crisis. It is within this broader dynamics of power …

The paper offers a new approach for analysing capitalist development and crisis, tying together mergers and … appears as a crisis at the societal level, but which contributes significantly to differential accumulation at the …