| 报告题名: | Crisis, restructuring and growth : a macroeconomic perspective |
| 作者: | Almås, Ingvild; Doppelhofer, Gernot; Haatvedt, Jens Christian; Klovland, Jan Tore; Molnár, Krisztina; Thøgersen, Øystein
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| 出版者: | SNF
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| 出版年: | 2010
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| 发表日期: | 2010-04
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| 国家: | 挪威
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| 语种: | 英语
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| 英文关键词: | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212
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| 英文摘要: | This report surveys the major aspects of financial crises and the restructuring and growth process of economies in the aftermath of crises, and discusses possible directions for future research in this area.
The first part of the report reviews the existing literature. The first chapter gives an introduction to the recent global financial crisis starting in 2007 in the United States. Contributing factors include global financial imbalances, monetary and fiscal policy, and liberalization and deregulation of financial markets. The second chapter discusses lessons about financial crises from the interwar years. In particular, it relates events in asset and money markets to problems in the banking sector and the resulting credit crunch. The third chapter reviews the literature on a number of financial crises (banking, currency, twin crises and debt), and documents contributing factors and the typical recovery in the aftermath of a crisis. Chapter four discusses challenges from the financial crises for monetary policy. Partly as a response to earlier policy failures, monetary policy has also used non-conventional instruments to support the recovery of the financial sector.
The second part outlines several directions for future research. These include the role played by the United States and China in adjusting financial imbalances, the importance of understanding the interrelation of financial frictions and business cycles, the evolution of endogenous political preferences and sectoral allocation, and the analysis of jointness and the role of expectations in predicting financial crises. |
| URL: | https://brage.bibsys.no/xmlui/bitstream/handle/11250/165185/R05_10.pdf?sequence=1&isAllowed=y
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| 资源类型: | 研究报告
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| 标识符: | http://119.78.100.158/handle/2HF3EXSE/28550
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| Appears in Collections: | 过去全球变化的重建
影响、适应和脆弱性
科学计划与规划
气候变化与战略
全球变化的国际研究计划
气候减缓与适应
气候变化事实与影响
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| R05_10.pdf（2024KB） | 研究报告 | -- | 开放获取 | | View
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| Recommended Citation: | |
Almås, Ingvild,Doppelhofer, Gernot,Haatvedt, Jens Christian,et al. Crisis, restructuring and growth : a macroeconomic perspective. 2010-01-01.
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