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The Role of Social Protection as an EconomicStabiliser: Lessons from the Current Crisis
Social Protection Economic Stabiliser Current Crisis
2012/3/15
Both automatic and discretionary measures can stabilise the economy and thereby
contribute to mitigating the societal consequences of a recession. Expenditure on social
protection can actually be ex...
The Lessons from the Current Crisis for Macro-theory and Policy
Wealth effect natural rate of interest real profit rate
2010/9/7
This paper questions the validity of the New Consensus Macroeconomics (NCM) or Neo-Wicksellian model in explaining the recent credit crisis and dealing with it from a policy perspective. It attempts t...