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"The Repoliticization of the Welfare State grapples with the evolving nature of political conflict over social spending after the Great Recession. While the severity of the economic crisis encouraged strong social spending responses to protect millions of individuals, governments have faced growing pressure to reduce budgets and make deep cuts to the welfare state. Whereas conservative parties have embraced fiscal discipline and welfare state cuts, left-wing parties have turned away from austerity in favor of higher social spending. These political differences represent a return of traditional left-right beliefs over social spending and economic governance. This book is one of the first to systematically compare welfare state politics before and after the Great Recession, arguing that a new and lasting post-crisis dynamic has emerged where political parties once again matter for social spending. At the heart of this repoliticization are intense ideological debates over market regulation, social inequality, redistribution, and the role of the state. The book analyzes social spending dynamics for 28 countries before and after the crisis. It also includes in-depth country case studies representing five distinct welfare state types: Germany, the United Kingdom, Sweden, Spain, and the Czech Republic."
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"According to the conventional wisdom, when an economy enters a recession and nominal prices adjust slowly, the monetary authority should devalue the domestic currency to make the recession less severe. The reason is that a devaluation of the currency lowers the relative price of non-tradable goods, and this reduces the necessary adjustment in output relative to the case in which the exchange rate remains constant. This paper uses a simple small open economy model with sticky prices to characterize optimal fiscal and monetary policy in response to productivity and terms of trade shocks. Contrary to the conventional wisdom, in this framework optimal exchange rate policy cannot be characterized just by the cyclical properties of output. The source of the shock matters: while recessions induced by a drop in the price of exportable goods call for a devaluation of the currency, those induced by a drop in productivity in the non-tradable sector require a revaluation. "--World Bank web site.
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Budget --- Recessions --- Récessions
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Zonder onderwerpscode: economie --- Recessions --- Récessions
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Ce cahier du Cercle des économistes a pour ambition de fournir une grille de lecture de la crise actuelle, en mettant celle-ci en perspective avec la crise de 1929. Cette comparaison est légitime puisqu'au fur et à mesure que la crise financière se transformait en crise économique et que celle-ci s'approfondissait et s'étendait au monde entier, les commentateurs remontaient de plus en plus le temps et s'arrêtaient à la crise de 1929 pour lui trouver un équivalent. Cette comparaison redonne ses lettres de noblesse à l'histoire économique, et permet de faire émerger une analyse des crises, de leur nature, de leurs similitudes et de leurs différences.Même si les économistes ont été vilipendés pour avoir été trop peu nombreux à avoir prévu la crise de 2007-2009, ils ont largement contribué à ce que les erreurs de politique économique faites à la suite de la crise de 1929 ne soient répétées. Ils suggèrent un certain nombre de prescriptions pour sortir de la crise actuelle, même si celle-ci pourrait constituer l'un des tournants importants dans l'histoire du monde moderne.
Recessions --- Business cycles --- Depressions --- Economic history --- History
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Electronic books. -- local. --- OECD countries -- Economic conditions. --- Recessions -- OECD countries. --- Recessions --- OECD countries --- Economic conditions. --- Business cycles --- Depressions
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Recessions --- Business cycles --- Depressions --- Economic history --- Récessions --- Cycles économiques --- Crises économiques --- Histoire économique --- History --- Histoire --- Récessions --- Cycles économiques --- Crises économiques --- Histoire économique --- Crises financières
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The authors examine how emplolyee ownership firms survived - compared to other firms - the last two recessions.recessions.
Employee ownership --- Management --- Unemployment --- Business failures --- Recessions --- Employee participation --- E-books
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Industrial management --- Industries --- Business cycles --- Recessions --- Gestion d'entreprise --- Industrie --- Cycles économiques --- Récessions
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The contributors to this book describe the unprecedented events that led up to the Great Recession, and policymakers' moves to right the economy.
Economic policy. --- Monetary policy. --- Recessions. --- Business cycles --- Depressions --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Economic nationalism --- Economic planning --- National planning --- State planning --- Economics --- Planning --- National security --- Social policy --- Monetary policy --- Recessions --- E-books
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