منابع مشابه
Crises and paradigms in macroeconomics
Contrasts are drawn between mainstream macroeconomics (with the ›New Consensus in Macroeconomics‹ taken as the current manifestation) and heterodox macroeconomics and their abilities to comprehend the fi nancial crises and world wide recession of 2007 – 09 for macroeconomic paradigms is discussed. Specifi cally, the contrasting ways in which the two schools of thought treat unemployment, human ...
متن کاملCrises and the Poor: Socially Responsible Macroeconomics
B etween 1980 and 1998, Latin America and the Caribbean experienced more than forty episodes in which gross domestic product (GDP) fell by 4 percent or more. Poverty increased sharply during these episodes. Despite this, most countries in the region do not have appropriate instruments to shield poor people (and the near-poor) from the brunt of macroeconomic shocks. Improvising to protect the po...
متن کاملCrises and the Poor: Socially Responsible Macroeconomics
Macroeconomic crises not only affect the current living standards of the poor, but their ability to grow out of poverty. This paper presents evidence on the impact of economic crisis on poverty and inequality in Latin America. Crises not only result in higher poverty rates but also may cause irreversible damage to the human capital of the poor. In light of this evidence, the author concludes th...
متن کاملGeopolitical Changes and Crises in The Caucasus
The Caucasus has seen numerous crises since the region gained independence following the collapse of the Soviet Union. Some of these crises have not been resolved yet as evidenced by recent Russia-Georgia conflict. This paper seeks to analyze such crises within the framework of significant geopolitical changes unfolded by the collapse of the Soviet Union. The author argues that in the post-Sovi...
متن کاملFinancial Crises and Political Crises∗
The simultaneous determination of financial default and political crises is studied in an open economy model. Political crises accompany default in equilibrium because of an information transmission conflict between the government and the public. Multiple equilibria are possible: if foreign lenders are pessimistic about the country’s stability, they demand a high interest on the debt, exacerbat...
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ژورنال
عنوان ژورنال: European Journal of Economics and Economic Policies: Intervention
سال: 2010
ISSN: 2052-7764,2052-7772
DOI: 10.4337/ejeep.2010.02.09