Crises and crashes: Argentina 1885-2003

the euro is expected to depreciate by around 1 percentage point against the basket of currencies of our main reading partners; short-term interest rates are expected to decline by

Since differences of market regulations in United Kingdom (UK) and recent financial crises (global financial crisis-GFC 2007-2009; Eurozone debt crisis-EDC 2010-2012)

We estimate the relationship between monetary policy innovations and labor share based using VARs containing federal funds rate changes, monetary base growth, or the

Accordingly, the increase in government spending (that in this case is equivalent to an increase of the budget deficit) will induce a direct (through its purchases) and

 The expansionary monetary policy measures have had a negative impact on net interest margins both via the reduction in interest rates and –less powerfully- the flattening of the

As a result, having adopted a mild infl ationary target as a baseline for monetary policy-making, the Bank of England has been increasing the money supply in the face of clear

Likewise, Gomes (2011) studies optimal fiscal policy in a model where the government can set public wages, and finds that these should rise in booms and fall in recessions...

Regarding monetary consequences, our study shows the following results: 1) underqualification is penalised in wage, so this mismatch would explain wage differential between workers