scholarly journals The Long-Term Distribution of Expected Inflation in the Euro Area: What has Changed Since the Great Recession?

2017 ◽  
Author(s):  
Jonas Dovern ◽  
Geoff Kenny
Keyword(s):  
Euro Area ◽  
Great Recession ◽  
The Great Recession ◽  
Expected Inflation

Disruptive Soft Law and Post-Crisis US Reform

2018 ◽  
Author(s):  
Abraham L. Newman ◽  
Elliot Posner
Keyword(s):  
Financial Markets ◽  
Great Recession ◽  
Regulatory Reform ◽  
The United States ◽  
Soft Law ◽  
Long Term Effects ◽  
The Great Recession ◽  
The Us ◽  
International Interaction

Chapter 6 examines the long-term effects of international soft law on policy in the United States since 2008. The extent and type of post-crisis US cooperation with foreign jurisdictions have varied considerably with far-reaching ramifications for international financial markets. Focusing on the international interaction of reforms in banking and derivatives, the chapter uses the book’s approach to understand US regulation in the wake of the Great Recession. The authors attribute seemingly random variation in the US relationship to foreign regulation and markets to differences in pre-crisis international soft law. Here, the existence (or absence) of robust soft law and standard-creating institutions determines the resources available to policy entrepreneurs as well as their orientation and attitudes toward international cooperation. Soft law plays a central role in the evolution of US regulatory reform and its interface with the rest of the world.

scholarly journals Household heterogeneity in the euro area since the onset of the Great Recession

2016 ◽  
Vol 38 (1) ◽  
pp. 181-197 ◽  
Author(s):  
Miguel Ampudia ◽  
Akmaral Pavlickova ◽  
Jiri Slacalek ◽  
Edgar Vogel
Keyword(s):  
Euro Area ◽  
Great Recession ◽  
The Great Recession ◽  
Household Heterogeneity

The Effects of the Great Recession on Family Structure and Fertility

2013 ◽  
Vol 650 (1) ◽  
pp. 214-231 ◽  
Author(s):  
Andrew Cherlin ◽  
Erin Cumberworth ◽  
S. Philip Morgan ◽  
Christopher Wimer
Keyword(s):  
Young Adults ◽  
Great Recession ◽  
Family Life ◽  
Recent Immigrants ◽  
Term Trend ◽  
Younger Women ◽  
The Great Recession ◽  
Intergenerational Coresidence ◽  
Long Term Trend

Recessions can alter family life by constraining the choices that individuals and couples make concerning their family lives and by activating the family’s role as an emergency support system. Both effects were visible during and after the Great Recession. Fertility declined by 9 to 11 percent, depending on the measure, and the decline was greater in states that experienced higher increases in unemployment. The decline was greater among younger women, which suggests postponement rather than forgoing of births. The fall in fertility was sharpest for Hispanics, a result the authors attribute to a drop in Mexican immigration, which reduced the number of recent immigrants, the group with the highest fertility. Substantial increases occurred in the percentage of young adults, single and married, who lived with their parents, augmenting a long-term trend toward intergenerational coresidence. There was a slight decline in divorce and separation in states with higher unemployment.

scholarly journals Inflation puzzles, the Phillips Curve and output expectations: new perspectives from the Euro Zone

Empirica ◽  
2021 ◽  
Author(s):  
Giuliana Passamani ◽  
Alessandro Sardone ◽  
Roberto Tamborini
Keyword(s):  
Great Recession ◽  
Phillips Curve ◽  
Forecast Errors ◽  
Explanatory Variables ◽  
Euro Zone ◽  
The Great Recession ◽  
Expected Inflation ◽  
Curve Model ◽  
The Business Cycle ◽  
Output Gaps

AbstractConfidence in the Phillips Curve (PC) as predictor of inflation developments along the business cycle has been shaken by recent “inflation puzzles” in advanced countries, such as the “missing disinflation” in the aftermath of the Great Recession and the “missing inflation” in the years of recovery, to which the Euro-Zone “excess deflation” during the post-crisis depression may be added. This paper proposes a newly specified Phillips Curve model, in which expected inflation, instead of being treated as an exogenous explanatory variable of actual inflation, is endogenized. The idea is simply that if the PC is used to foresee inflation, then its expectational component should in some way be the result of agents using the PC itself. As a consequence, the truly independent explanatory variables of inflation turn out to be the output gaps and the related forecast errors by agents, with notable empirical consequences. The model is tested with the Euro-Zone data 1999–2019 showing that it may provide a consistent explanation of the “inflation puzzles” by disentangling the structural component from the expectational effects of the PC.

Social Movements

2020 ◽  
pp. 464-478
Author(s):  
Eduardo Romanos
Keyword(s):  
Social Movements ◽  
Collective Action ◽  
Social Movement ◽  
Great Recession ◽  
Model Building ◽  
Long Term Effects ◽  
National Surveys ◽  
The Great Recession ◽  
Cross National

According to cross-national surveys, Spaniards are among the Europeans who participate the most in street protests. At the same time, Spanish social movements have been generally understood as deploying a less radical protest repertoire and a relatively weak organizational model. Building upon central concepts in social movement studies, this chapter analyses these and other features of the Spanish activist tradition as compared to other Western countries. An especial attention is paid to the strongest protest cycles in Spanish recent history: the years of the democratic transition and the Great Recession. In doing so, this chapter aims to address the long-term effects of regime transition on domestic collective action and organized protest.

The Causes and Legacy of the Great Recession in Spain

2020 ◽  
pp. 115-131
Author(s):  
Sebastián Royo
Keyword(s):  
Economic Growth ◽  
Great Recession ◽  
Political System ◽  
Economic Consequences ◽  
The Political ◽  
The European Union ◽  
New Parties ◽  
Political Consequences ◽  
The Great Recession

After over two decades of prolonged economic growth, Spain suffered its worst economic crisis in decades between 2008 and 2014. The political, social, and economic consequences of this crisis were very severe: unemployment increased sharply reaching over 27 per cent; inequalities deepened; and the two-party political system was transformed by the emergence of new parties. The implementation of structural reforms, which intensified as a result of the European Union financial sector bailout of 2012, led to economic recovery. As a result, credit was restored, strong economic growth resumed, and the political system did not implode. Yet, persistently high unemployment (particularly as regards youth and long-term) as well as inequality (and to a certain extent poverty) still persist a decade after the crisis. This chapter looks at the genesis of the crisis and examines the responses to the crisis, as well as its economic, social, and political consequences.

Long-Term Employment Effects from Job Losses during the COVID-19 Crisis? A Comparison to the Great Recession and Its Slow Recovery

2021 ◽  
Vol 111 ◽  
pp. 481-485
Author(s):  
Till von Wachter
Keyword(s):  
Great Recession ◽  
Job Loss ◽  
Loss Rate ◽  
Long Term Effects ◽  
Slow Recovery ◽  
Employment Effects ◽  
The Great Recession

This paper compares predictions for the long-term reductions in the employment-to-population (EPOP) ratio based on estimates of the overall job-loss rate and the long-term effects of job loss with the actual evolution of the EPOP ratio. It took about ten years after the end of the Great Recession for the EPOP ratio to recover from substantial reductions partly implied by job-loss effects. Based on job loss during the COVID-19 crisis through July, the prediction is that 15-37 percent of the reduction of the EPOP ratio in December 2020 is permanent.

Sign in / Sign up

Export Citation Format

Share Document