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Does the Global Financial Crisis Matter for the Macro Economic ...


Does the Global Financial Crisis Matter for the Macro Economic ...

In this paper we compare the macroeconomic performances of advan- ced and developing inflation targeting countries before and after the global financial crisis.

The Global Financial Crisis | Explainer | Education | RBA

During the GFC, a downturn in the US housing market was a catalyst for a financial crisis that spread from the United States to the rest of the world through ...

Does the Global Financial Crisis Matter for the Macro Economic ...

[Show full abstract] bank rating upgrades (downgrades). The impact of sovereign watch status on bank rating actions is much weaker and often ...

Lessons of the Global Crisis for Macroeconomic Policy

What may matter is not so much the asset boom in itself, but who holds the assets, and how an eventual bust may affect financial institutions.

How the crisis changed macroeconomics | World Economic Forum

Until the 2008 global financial crisis, mainstream US macroeconomics had taken an increasingly benign view of economic fluctuations in ...

Great Recession and Macroeconomic Theory: A Useless Crisis?

The global financial crisis of 2007–08 and the subsequent Great Recession have pushed many economists to acknowledge a fundamental limit in the theoretical ...

The Impact of the Financial Crisis on the Real Economy

The global economy suffered a severe downturn in 2008 and 2009, and the impact on GDP and macroeconomic policy could be felt for some time. OECD estimates ...

The Global Financial Crisis: Causes and Consequences

... is on disentangling the many influences of the financial crisis on the global economy and in particular to see how well the model can explain the macroeconomic.

Predictable Financial Crises - Harvard Business School

danger zone, a clear harbinger of the Global Financial Crisis that would erupt in 2008. ... global financial cycle, The Review of Economic Studies, (forthcoming).

What macroeconomic conditions lead financial crises? - ScienceDirect

Equity and house prices and the current account deficit have larger effects than debt growth on the probability of a crisis. Abstract. Research has suggested ...

Financial Crises, Macroeconomic Shocks, and the Government ...

In particular, we estimate impulse response functions (IRFs) to changes in GDP growth, inflation, short-term interest rate, and global volatility. Financial ...

The new macroeconomic landscape after the global financial crisis

To do this, central banks use a number of monetary policy tools such as the policy rate or purchases of financial assets that influence the economy via what is ...

Great Recession: What It Was and What Caused It - Investopedia

It also may have delayed recovery by tying up economic resources in industries and activities that deserved to fail, when those assets and resources could have ...

The Great Recession and Its Aftermath - Federal Reserve History

In 2007, losses on mortgage-related financial assets began to cause strains in global financial markets, and in December 2007 the US economy entered a recession ...

Why did the global financial crisis of 2007-09 happen?

Before the crisis, banks were issuing mortgages to subprime borrowers. As fears of these risky loans spread, credit markets froze and several ...

The Financial Crisis: Lessons for the Next One

Today's economy might be far weaker than it is — with real GDP in the second quarter of 2015 about $800 billion lower than its actual level, 3.6 ...

Implications of the Financial Crisis for Economics

I have been discussing needed research in microeconomics and financial economics but have not yet touched on macroeconomics. Standard ...

Evidence from the Global Financial Crisis - Brookings Institution

Based on this brief review, I argue that the case for including credit factors in mainstream macroeconomic analysis has become quite strong, not only for ...

Monetary policy efficiency and macroeconomic stability: Do financial ...

The findings denote that both financial openness and economic globalization are important tools to improve monetary policy efficiency and macroeconomic ...

What has the financial crisis taught us? The global dimension and ...

And a key lesson of the crisis is that keeping an economy in order does not necessarily insulate it from external shocks. An excessive focus on ...