Kirschenmann, Karolin; Malinen, Tuomas; Nyberg, Henri - Society for the Study of Economic Inequality - ECINEQ - 2014
Are macroeconomic factors such as income inequality the real root causes of financial crises? We explore a variety of financial and macroeconomic variables to find the most reliable predictors for financial crises in 14 developed countries over a period of more than 100 years. Our results, based...