Main navigation
Content
Forum
Is the Global Economy on the Brink of Recession?
With articles by V. Rossi, C. Reinhart, V. Reinhart, K. Abberger, D. Baker, J. Yifu Lin
Other articles
- Adrian Blundell-Wignall · On the Necessity of Separating Investment and Commercial Banking
- Ognian N. Hishow · Germany’s Debt Brake: Pulling the EU Out of Its Debt Trap?
- Georg Erber · Italy’s Fiscal Crisis
- Axel Lindner · Macroeconomic Adjustment: the Baltic States versus Euro Area Crisis Countries
- Edmond Banares, Laurent Benzoni, Cuong Hung Vuong · How Does European Termination Rate Regulation Impact Mobile Operator Performance?
- Berthold Busch, Michael Grömling, Jürgen Matthes · Current Account Deficits in Greece, Portugal and Spain – Origins and Consequences
Quote of the Month
Most of the shocks that we would classify as black swans today would have caused only local damage in the past, even during the first half of the twentieth century - many such events were fairly invisible to people elsewhere. Now the impact of shocks has been modified and, in important aspects, amplified by the structural changes that have been taking place and accelerating over the last decade.
from Vanessa Rossi's Forum article Global Growth and Volatility – Turbulence Is the New Normal
In the current issue
On the Necessity of Separating Investment and Commercial Banking
by Adrian Blundell-Wignall
Perhaps once or twice in a century secular trends in innovation and structural change collide with institutional arrangements and regulations, creating conflicts in policy objectives and market volatility that are capable of bringing down the global financial system. While the current crisis is global in nature, Europe has its own special brand of institutional arrangements that are being tested in the extreme. more (PDF, 52 kB)
Is the Global Economy on the Brink of Recession?
by V. Rossi, C. Reinhart, V. Reinhart, K. Abberger, D. Baker, J. Yifu Lin
In 1937, in the midst of the US recovery from the Great Depression, President Roosevelt implemented spending cuts in pursuit of a balanced budget. Subsequently, the unemployment rate jumped nearly 6 percentage points over the next year and the US economy re-entered a major recession. In the midst of the current global recovery from the Great Recession, European and American policymakers again seem intent on pursuing the path of budget austerity. In light of slowing economic growth rates, shrinking consumer and business confidence, and stubbornly high unemployment figures, could it be that Western economies are ignoring lessons from the past? more (PDF, 421 kB)
Footer
Service menu
Institutional Affiliation
