Why is Growth Better in the United States than in other Industrial Countries NBER (2017-03-20)
Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial cou .. more |
Did the Basel Process of Capital Regulation Enhance the Resiliency of European Banks? Centre for Economic Policy Research (2017-03-20)
This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various measures of .. more |
Behavioural Economics and Financial Consumer Protection OECD (2017-03-20)
This paper, prepared under the aegis of the G20/OECD Task Force, first provides some historical context for the development of the field of behavioural economics and its increased application to policy. It then looks more specific .. more |
Stagnation Traps ECB (2017-03-20)
We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by unemployment and weak growth. We refer to these episodes as stagnation traps, because t .. more |