Gaps, cracks and lacunae: The finance and growth nexus in low-income countries
Campos, Nauro, Dercon, Stefan. Financial development and growth have long been linked. This column argues that there remain fundamental lacunae in our understanding of the finance-growth nexus. Three main areas for future research are identified: aid, institutions and technology. Πηγή: Voxeu πλήρες κείμενο
The Politics of Public Debt
Streeck, Wolfgang. Rising public debt has been widespread in democratic-capitalist political economies since the 1970s, generally accompanied among other things by weak economic growth,rising unemployment, increasing inequality, growing tax resistance, and declining political participation. Following an initial period of fiscal consolidation in the 1990s,public debt took an unprecedented leap in response to the Great Recession. […]
Η δημιουργική φαντασία (;) του οικονομικού ερευνητή
Διαβάστε πως ορισμένοι (και μάλιστα αναγνωρισμένοι) ερευνητές επιχειρούν να επιλύσουν τα προβλήματα μέτρησης και αξιοπιστίας των στοιχείων που αφορούν στο μέγα ζήτημα της παγκόσμιας φτώχειας – ιδίως στις λιγότερο αναπτυγμένες χώρες. Διαβάστε εδώ και, κυρίως, σκεφτείτε και, πιθανώς, αμφισβητήστε.
Foreign investors and crises: There is no safe haven for all seasons
Habib, Maurizio Michael, Stracca, Livio. At the peak of the Global Crisis, the US dollar appreciated and US Treasury yields fell, suggesting that foreign investors were purchasing US assets in general. Actually, they were fleeing only into short-term Treasury bills. This column discusses recent research showing that there are indeed no securities which are consistently a […]