| 来源类型 | Journal Publication |
| 规范类型 | 其他 |
| Financial crises, development, and growth: A longterm perspective | |
| Vincent R. Reinhart; Carmen M. Reinhart | |
| 发表日期 | 2015-05-04 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Abstract: Observed over long periods, the upward path of the output of most economies occasionally takes jagged steps down. More often than not, these events are associated with a variety of crises, including systemic banking stresses, exchange rate crashes, a burst of inflation, and a restructuring or default on sovereign debt. Using a large panel of countries over a long period, we document that crises are typically associated with lower medium-term growth. That may be a direct causal channel, a reverse channel, or the influence of some other factors on both growth and finance. But they tend to go together. Given that the forces for convergence of income across countries are estimated to be slow, going off track around a crisis will likely have long-lived consequences for relative economic development. Download the full paper. |
| 主题 | Economic Fluctuations and Growth ; International Economics ; Public Economics ; Tax Reform |
| 标签 | 2008 financial crisis ; development ; economic crisis ; Economic growth |
| URL | https://www.aei.org/research-products/journal-publication/financial-crises-development-and-growth-a-long-term-perspective/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/209108 |
| 推荐引用方式 GB/T 7714 | Vincent R. Reinhart,Carmen M. Reinhart. Financial crises, development, and growth: A longterm perspective. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
