Similar Search Results

Integration, spurious convergence, and financial fragility : a post-Keynesian interpretation of the Spanish crisis

Pérez Caldentey, Esteban; Vernengo, Matías - 2015

The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We put forward a different hypothesis. We argue that the Spanish crisis resulted, in...

Persistent link: https://www.econbiz.de/10011349393

The euro debt crisis and Germany's euro trilemma

Bibow, Jörg - 2012

This paper investigates the causes behind the euro debt crisis, particularly Germany's role in it. It is argued that the crisis is not primarily a "sovereign debt crisis" but rather a (twin) banking and balance of payments crisis. Intra-area competitiveness and current account imbalances, and...

Persistent link: https://www.econbiz.de/10009533362

Germany and the euroland crisis : the making of a vulnerable haven

Bibow, Jörg - 2013

This paper investigates Germany's vulnerability to the ongoing Euroland crisis. In 2010-11, Germany experienced a strong rebound from the global financial crisis of 2008-09. The Euroland crisis then meant record low interest rates and a depressed euro that boosted German extra-area exports. But...

Persistent link: https://www.econbiz.de/10009757118

Toward an understanding of crises episodes in Latin America : a post-Keynesian approach

Pérez Caldentey, Esteban; Vernengo, Matías - 2012

Conventional wisdom about the business cycle in Latin America assumes that monetary shocks cause deviations from the optimal path, and that the triggering factor in the cycle is excess credit and liquidity. Further, in this view the origin of the contraction is ultimately related to the excesses...

Persistent link: https://www.econbiz.de/10009563683

Asia and the global crisis : recovery prospects and the future

Felipe, Jesus - 2010

The global crisis of 2007–09 affected developing Asia largely through a decline in exports to the developed countries … long term, developing Asia’s future is mixed. There is one group of countries with a highly diversified export basket … diversify. -- Asia ; China ; global crisis ; open forest …

Persistent link: https://www.econbiz.de/10008657965

Diversity and uniformity in economic theory as an explanation of the recent economic crisis

Kregel, Jan A. - 2012

of diversity. Yet most mainstream economic theory is premised on the existence of uniformity. This paper develops the … implications of this contradiction for the theory of prices, income creation, and the analysis of the recent financial crisis, and … provides a critique of traditional theory from an institutionalist perspective developed by J. Fagg Foster. -- Financial Crisis …

Persistent link: https://www.econbiz.de/10009583167

The Asian disease : plausible diagnoses, possible remedies

Mayer, Martin - 1998

Persistent link: https://www.econbiz.de/10000992909

Looking into the abyss? : Brazil at the mid-2010s

Carvalho, Fernando J. Cardim de - 2016

The Brazilian economy in 2015 was afflicted by a lethal combination of decelerating activity and accelerating inflation. Expectations for 2016 are equally or even more adverse, since the effects of rising unemployment emerge only after a lag. The domestic debate has pitted analysts who believe...

Persistent link: https://www.econbiz.de/10011438517

The Great Recession and racial inequality : evidence from measures of economic well-being

Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017

The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...

Persistent link: https://www.econbiz.de/10011591483

Gender, socioeconomic status, and time use of married and cohabiting parents during the Great Recession

Kongar, Ebru; Price, Mark - 2017

Using data from the 2003-14 American Time Use Survey (ATUS), this paper examines the relationship between the state unemployment rate and the time that opposite-sex couples with children spend on childcare activities, and how this varies by the socioeconomic status (SES), race, and ethnicity of...

Persistent link: https://www.econbiz.de/10011695501