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This paper codifies in a systematic and transparent way a historical chronology of business cycle turning points for Spain reaching back to 1850 at annual frequency, and 1939 at monthly frequency. Such an exercise would be incomplete without assessing the new chronology itself and against...
Persistent link: https://www.econbiz.de/10010148158
This paper considers the extent to which inadequate corporate governance was a contributory factor to the financial market crash. It examines the experience of selected failed banks, with emphasis on the corporate governance structure in place at each firm, and the background and expertise of...
Persistent link: https://www.econbiz.de/10009958477
The recent crisis of 2008 has revealed several challenges for the economic science, sparking a considerable amount of … arose was why there was a lack of anticipation of the crisis (especially from the mainstream economists) and, secondly, how … methodology ; financial crisis ; monetary policy …
Persistent link: https://www.econbiz.de/10010079775
This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...
Persistent link: https://www.econbiz.de/10010081778
Everyone is talking about public debt. Europe's economic and financial crisis is, not least, a crisis of sovereign and …
Persistent link: https://www.econbiz.de/10010118705
This paper uses cross country regression analysis on a large set of countries to consider two hypotheses. The first is that increased public debt as a percentage of the economy reduces confidence in financial institutions. The second is that increased public debt relative to the economy lowers...
Persistent link: https://www.econbiz.de/10010148288
Ever since the financial and economic crisis of 2008/2009, public debt in almost all OECD countries has increased … significantly. The European debt crisis has further intensified over the past few weeks. Private households with high levels of … avoidance and evasion. It is difficult to estimate the revenue effects of such a levy for the countries in crisis due to the …
Persistent link: https://www.econbiz.de/10010079425
manifestations of a debt crisis. Public debt levels, which are very high by international standards, may have resulted in another …
Persistent link: https://www.econbiz.de/10010079438
This paper will examine the sustainability of the central budget and its relation to the financial stability in the case of Indonesia. The standard model of fiscal sustainability is modified to cover some financial variables. The empirical estimates are done by employing several aspects of the...
Persistent link: https://www.econbiz.de/10010079769
the economic distortions. -- fiscal policy ; budgetary policy ; economy ; crisis ; sustainability …
Persistent link: https://www.econbiz.de/10010081776