From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons

By Miguel Almunia, Agustín Bénétrix, Barry Eichengreen, Kevin H. O'Rourke, Gisela Rua. 2010

308 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/b807fd37f56b9bc382a8e977f47e43280256aebe

Citations in the corpus

• Production Networks and Trade Patterns in East Asia: Regionalization or Globalization? (2011, unknown): “A striking feature of the global economy following the onset of the in late 2008 global ªnancial crisis has been the precipitous drop in global trade at a faster rate than during the Great Depression (Krugman 2009; Almunia et al. 2010).”
• Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons (2011, unknown): “As in recent work by Reinhart and Rogoff (2009), Barro (2009), and Almunia et al. (2009), the purpose of this paper is to go back to comparative economic history as a way to more robustly explore the link between financial crises, credit, and external imbalances.”
• Jump-Starting the Euro-Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery? (2015, unknown): “Almunia et al. (2010) found a spending multiplier of over 2 using a panel VAR for major industrial economies that is estimated over the interwar period and uses the same identifying assumptions as in Blanchard and Perotti (2002). Gordon and Krenn (2010) estimated a spending multiplier of slightly un”
• What fiscal policy is most effective? A Meta Regression Analysis (2015, unknown): “2 Due to a severe outlier in the AVYEAR variable, I excluded the study of Almunia et al. (2010) that analyses the Great Depression years, so as not to distort the figure of the reference value.”
• Keynesian Government Spending Multipliers and Spillovers in the Euro Area (2011, unknown): “19 In a stimulating and thought-provoking empirical work, Almunia et al. (2009) provide a positive answer to this question.”
• The Great Recession: US dynamics and spillovers to the world economy (2012, unknown): “given the preliminary estimate for the G factor obtained as described above, we estimate the model in (3) by OLS to obtain an initial estimate of the D(), Ξ and Λ matrices;”
• How Resilient and Countercyclical Were Emerging Economies to the Global Financial Crisis? (2012, unknown): “Performance during the downturn The 2008–2009 global crisis was one of the broadest, deepest, and most complex crises afflicting the world since the Great Depression (Almunia et al., 2009).”
• Simple Analytics of the Government Expenditure Multiplier (2010, unknown): “Note that (holding fixed both intra-temporal preferences and technology) the equilibrium level of output depends only on the current level of government purchases, so that the “multiplier” is the same regardless of whether an increase in government purchases is expected to be transitory or persisten”
• Fiscal consolidations and spillovers in the Euro area periphery and core (2013, unknown): “Auerbach and Gorodnichenko (2012), Almunia et al. (2010). 3 The model structure is described in Roeger and in 't Veld (2010) and is similar to the QUEST model used in Coenen et al. (2012). For references on the QUEST model, see: http://ec.”