The USA and the EU economies have just been through a severe recession marked by financial turmoil, large-scale destruction of wealth, and declines in industrial production and global trade. As the result of reduction in the demand of products in the global market, continued falling prices due...

This generation's economic crisis has truly global reach, with repercussions reverberating throughout nations and across societies. Prabhakar investigates the world-wide depression, using empirical understanding and new data sets on indicator and policy variables. He focuses on: the overall...