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1 - 10 van 18 voor reinhart and rogoff
doc211.pdf
... information technology have made storing and retrieving data cheap and reliable, and collecting and processing information fast and easy. this has reduced transaction costs and increased the availability of verifiable, ... and longer than other recessions. the median cumulative loss in gdp of 13 recessions associated with both a credit crunch and a house price bust is 6.7 percent. reinhart and rogoff ...
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linkages between financial and real sector economy pdf
... in other recessions, and 1 see e.g. cerra and saxena (2008); reinhart and rogoff (2008); imf (2008); reinhart and rogoff (2009); van ewijk and teulings (2009); allen et al. (2009); laeven and valencia (2010) 11 ... more constrained afterwards due the losses in their asset's value. caballero and krishnamurthy (2001) and caballero and krishnamurthy (2003) consider a 24 similar problem in an open economy ...
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memo221.pdf
... of past financial crises. the analysis is an expansion of reinhart and rogoff (2009), who set out an overview of the effects of ... 8 logarithm of gdp per capita23,24 in sweden and finland c.m. reinhart and k.s. rogoff, the aftermath of financial crises, nber working ... hong kong and indonesia table 2.2 shows the growth per capita before and after the end of the crises from reinhart and rogoff (2009) ( ...
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Microsoft Word - cpbdoc210.doc
... crisis has three important characteristics first an initial shock, second a propagation and amplification mechanism, and third disruption of the financial sector. it is generally accepted, although by ... externalities and vertical externalities, respectively. 21 cumulative loss in gdp of 13 recessions associated with both a credit crunch and a house price bust is 6.7 percent. reinhart and rogoff ( ...
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Microsoft Word - voorblad.docx
... reduces systemic risk. historically, financial crises are often associated with collapsing real estate bubbles (reinhart and rogoff, 2009). real estate investment such as mortgages is illiquid assets with extremely high ... , david p. and vernon l. smith, 2003, stock market bubbles in the laboratory, the journal of behavioral finance, vol. 4 (1), pp. 7 20. rogoff, k, and c. reinhart, 2009, this ...
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dp212.indd
... reinhart and rogoff, that sense our paper complements polito and wickens (2012) who propose a short term indicator for fiscal sustainability and bi (2011) who introduces a stochastic debt limit. 3 in particular, a positive and ... + for 1 and + is simulation number . as fixed debt threshold levels we choose stability and growth pact, which gives the indicator 60,10, and reinhart and rogoff (2010b) ...
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CEP2009 uitgebreide samenvatting pdf
... , oxford review of economic policy, vol. 17, no. 4, 2001; r. levine, finance and growth theory, evidence and mechanisms, handbook of economic growth, eds p. aghion en s. durlauf, 2006. 13 r ... aantal financiele systeemcrises uit het verleden op een rij. de analyse is een uitbreiding van reinhart en rogoff (2009), die de gevolgen van financiele systeemcrises op een rij gezet inschatting van de ...
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omslag_CEP2013.indd
... het kader in paragraaf 2.2). reinhart en rogoff revisited ruim 4 jaar later economisch aanleiding van het empirische werk van carmen reinhart en kenneth rogoff stilgestaan bij de effecten van financiele ... of the euro area, februari 2013. 28 citi research, china economics weekly, normalized growth and policy adjustments, 25 januari 2013. 30 begrotingshordes worden vermeden.29 het monetaire beleid ...
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cep2009_kader_p139.pdf
... sinds begin vorig jaar zijn verscheidene publicaties van de hand van carmen reinhart en kenneth rogoff verschenen over de wereldwijde geschiedenis van financiele crises - bankencrises, schuldencrises, en valutacrises ... aftermath of financial crises', c. m. reinhart en k.s. rogoff, nber working paper 14656, januari 2009. b imf, financial stress and economic downturns, hoofdstuk 4 van world economic ...
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mev2013
... die een negatieve invloed hebben op het bbp (c). de bekendste studie is die van reinhart en rogoff die voor de overheidsschuld een drempelwaarde van 90% bbp vinden (d,e). het is ... batini, n., g. callegari en g. melina, 2012, successful austerity in the united states, europe and japan, imf working paper no. suyker, w., 2011, begrotingsmultipliers, overzicht van recente empirische publicaties, cpb ...
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