Narrow search
Showing 1 - 10 of 38,260
Cover Image
Was the U.S. Great Depression a Credit Boom Gone Wrong?
Postel-Vinay, Natacha - 2020
The US Great Depression was preceded by almost a decade of credit growth. This review paper suggests that the 1920s credit boom went through two phases: one, up to around 1927, when credit grew in concert with money; another one, from around 1928 to 1929, when credit grew faster than money....
Persistent link: https://www.econbiz.de/10012848726
Cover Image
Oil price uncertainty and the business cycle : accounting for the influences of global supply and demand within a VAR GARCH-in-mean framework
Thiem, Christopher - 2017
volatility as well as the U.S. economy. We find that - even after accounting for these factors - oil price uncertainty still has … confirms these results. Finally, significant spillover effects in the GARCH model suggest that oil price volatility is a gauge …Dieser Beitrag untersucht den Einfluss von Ölpreisunsicherheit auf die Wirtschaftsaktivität der USA mit Hilfe eines VAR …
Persistent link: https://www.econbiz.de/10011608019
Cover Image
Business History > Piketty
Wright, Robert E. - 2015
Piketty's Capital in the 21st Century has attracted more attention than it perhaps deserves given that its main empirical claim, that wealth inequality is bound to occur in "capitalist" economies because the rate of return r is greater than the rate of economic growth g (r g), is not rigorously...
Persistent link: https://www.econbiz.de/10014137599
Cover Image
Buried in the vaults of central banks : monetary gold hoarding and the slide into the Great Depression
Karau, Sören - 2020 - This draft: October 2020
I study whether monetary gold hoarding was the main cause of the Great Depression in a structural VAR analysis. The notion that monetary forces played an important role in bringing about the depression is well established in the narrative literature, but has more recently met some skepticism by...
Persistent link: https://www.econbiz.de/10012405992
Cover Image
Measuring Economic Downside Risk and Severity : Growth at Risk
Yao, Yudong; Wang, Yan - 2005
Using Growth at Risk as a measure of downside growth risk, the authors find that higher perceived levels of downside growth risk seem to be negatively associated with long-term growth. Output collapses and crises are a fact of life. Severe economic downturns occur periodically and have grave...
Persistent link: https://www.econbiz.de/10014124889
Cover Image
Conditional growth volatility and sectoral comovement in U.S. industrial production, 1828-1915
Freire, Gustavo; Resende, Marcelo - In: Empirical economics : a journal of the Institute for … 59 (2020) 6, pp. 3063-3084
Persistent link: https://www.econbiz.de/10012504357
Cover Image
Volatility and growth : governments are key
Jetter, Michael - 2013
paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …
Persistent link: https://www.econbiz.de/10010228789
Cover Image
Translating a CBDC Dollar Into a Constitutional Dollar
Guzelian, Christopher P. - 2023
The constitutional Dollar was a silver coin. Federal and state paper moneys were unconstitutional, and gold and copper coins were not Dollars. Consequently, notable constitutional originalists claim any Dollar not constructed from silver – including the current widely circulating paper Federal...
Persistent link: https://www.econbiz.de/10014355712
Cover Image
Credit Laws as Causes of Manias & Panics (in 100 pages)
Perelman, Mark - 2020
Fraud and irrationality are often blamed for financial manias and panics. Investor euphoria can unleash social and technological breakthroughs, but the subsequent failures can destroy value and radicalize the political sphere. Are these events random, idiosyncratic, or driven by some force? The...
Persistent link: https://www.econbiz.de/10012839563
Cover Image
Business cycle volatility and globalization : a survey
Buch, Claudia M. - 2002
, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …
Persistent link: https://www.econbiz.de/10011474806