What Happens During Recessions, Crunches and Busts?
Title | What Happens During Recessions, Crunches and Busts? PDF eBook |
Author | Mr.Ayhan Kose |
Publisher | International Monetary Fund |
Total Pages | 77 |
Release | 2008-12-01 |
Genre | Business & Economics |
ISBN | 1451871325 |
We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960–2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts), 234 (58) episodes of equity price declines (busts) and their various overlaps in these countries over the sample period. Our results indicate that interactions between macroeconomic and financial variables can play major roles in determining the severity and duration of recessions. Specifically, we find evidence that recessions associated with credit crunches and house price busts tend to be deeper and longer than other recessions. JEL Classification Numbers: E32; E44; E51; F42
Economic Policy 60
Title | Economic Policy 60 PDF eBook |
Author | Georges De Menil |
Publisher | John Wiley & Sons |
Total Pages | 212 |
Release | 2009-12-02 |
Genre | Business & Economics |
ISBN | 1405189193 |
Top economists provide a concise and accessible evaluation of major developments in trade and trade policy. Economic Policy has earned a reputation around the world as the one publication that always identifies current and emerging policy topics early Papers are specially commissioned from first-class economists and experts in the policy field The editors are all based at top European economic institutions and each paper is discussed by a panel of distinguished economists This unique approach guarantees incisive debate and alternative interpretations of the evidence
Financial Crises Explanations, Types, and Implications
Title | Financial Crises Explanations, Types, and Implications PDF eBook |
Author | Mr.Stijn Claessens |
Publisher | International Monetary Fund |
Total Pages | 66 |
Release | 2013-01-30 |
Genre | Business & Economics |
ISBN | 1475561008 |
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
The Economic Outlook and Budget Challenges
Title | The Economic Outlook and Budget Challenges PDF eBook |
Author | United States. Congress. House. Committee on the Budget |
Publisher | |
Total Pages | 96 |
Release | 2009 |
Genre | Business & Economics |
ISBN |
Assessing Policy Effectiveness using AI and Language Models
Title | Assessing Policy Effectiveness using AI and Language Models PDF eBook |
Author | Chandrasekar Vuppalapati |
Publisher | Springer Nature |
Total Pages | 481 |
Release | |
Genre | |
ISBN | 3031560973 |
Macroeconomics
Title | Macroeconomics PDF eBook |
Author | David Miles |
Publisher | John Wiley & Sons |
Total Pages | 626 |
Release | 2012-04-09 |
Genre | Business & Economics |
ISBN | 111999571X |
Macroeconomics: Understanding the Global Economy, 3rd Edition is to help students – and indeed anyone – understand contemporary and past economic events that shape the world we live in, and at a sophisticated level. But it does so without focusing on mathematical techniques and models for their own sake. Theory is taken seriously – so much so that the authors go to pains to understand the key aspects of theories in a way that will not put people off before they see how theories are useful to analyse issues. The authors believe that theories are essential to better understand the world, thus the book includes a wealth of historic and current episodes and data to both see how theories can help interpret the world and also to judge their validity. Economies today are very inter-connected; what happens in China matters pretty much everywhere; and what happens in one (even small) country in the euro zone has implications for the whole euro area and beyond, consequently Macroeconomics, 3rd Edition adopts a very international focus.
The 2008 Joint Economic Report, January 9, 2009, 111-1 Senate Report 111-1
Title | The 2008 Joint Economic Report, January 9, 2009, 111-1 Senate Report 111-1 PDF eBook |
Author | |
Publisher | |
Total Pages | 432 |
Release | 2009 |
Genre | |
ISBN |