Economic stimulus packages in times of global crises and pandemics are nothing new.
Following the 2008 global financial meltdown, many countries announced fiscal …

This paper compares the depth of the recent crisis and the Great Depression. We use a new
data set to compare the drop in activity in the industrialized countries for seven activity …

There has been considerable recent debate around the alleged impact of discretionary fiscal
policies–especially austerity policies–on health and health inequalities. Assuming that most …

In recent years we witnessed not only “the crisis” but a sequence of crises: the US subprime
and banking crises triggered the global financial crisis (GFC) in 2008/09 which in turn …

The global financial crisis that started in 2007 has been perceived as one of the most
threatening crises since the 1920s. Although its impact differed in various regions, the …

The growth performance of countries proved to be very different during the recent financial
crisis. The objective of the paper is to investigate why, despite the fact that the crisis hit …

Ten years ago, the global financial crisis started to unwind in the USA and triggered the
greatest recession since World War II. Although the crisis of 2007-08 was caused in the …

A succession of crises—the global financial and economic crisis (GFC) in 2008, the Great
Recession of 2009 and the following Euro crisis—forced the economic policy to action. After …

Inspired by Dornbusch's model of exchange rate overshooting we develop a theory of stock
market behaviour and its impact on the real economy. The idea is that stock market prices …

The latest fiscal reforms in China have been on the county level and bundled both fiscal
decentralization and fiscal spending. The present study investigates whether such bundled …