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Articles 1 - 8 of 8
Full-Text Articles in Economics
Nurturing America's Growth In The Global Marketplace Through Talent Development: An Interim Report On The Evaluation Of Generations Ii And Iii Of Wired, Nancy Hewat, Kevin M. Hollenbeck
Nurturing America's Growth In The Global Marketplace Through Talent Development: An Interim Report On The Evaluation Of Generations Ii And Iii Of Wired, Nancy Hewat, Kevin M. Hollenbeck
Reports
This is the first report from the evaluation of Generations II and III of the Workforce Innovations in Regional Economic Development Initiative... This interim report presents baseline information from all 26 regions. It reflects the status of regional activities as of the summer of 2008, when many regions were in the initial stage of implementation. Thus, the report focuses on the development of partnerships, governance arrangements, and the design of decision-making processes. In early 2006, ETA announced the initial recipients of grants to promote regional collaboration of a wide range of public and private organizations with the goal of transforming …
Origins And Resolution Of Financial Crises: Lessons From The Current And Northern European Crises, Finn Ostrup, Lars Oxelheim, Clas Wihlborg
Origins And Resolution Of Financial Crises: Lessons From The Current And Northern European Crises, Finn Ostrup, Lars Oxelheim, Clas Wihlborg
Business Faculty Articles and Research
Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises rarely distinguishes between factors that create the original strain on the financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue that a financial crisis with …
State Finance In Times Of Crisis, Brian Galle, Jonathan Klick
State Finance In Times Of Crisis, Brian Galle, Jonathan Klick
All Faculty Scholarship
As recent events illustrate, state finances are pro-cyclical: during recessions, state revenues crash, worsening the effects of economic downturns. This problem is well-known, yet persistent. We argue here that, in light of predictable federalism and political economy dynamics, states will be unable to change this situation on their own. Additionally, we note that many possible federal remedies may result in worse problems, such as creating moral hazard that would induce states to take on excessively risky policy, both fiscal and otherwise. Thus, we argue that policy makers should consider so-called “automatic” stabilizers, such as are found in the federal tax …
The U.S. Economic Crisis: Another "Lost Decade"?, Paula Chungsathaporn
The U.S. Economic Crisis: Another "Lost Decade"?, Paula Chungsathaporn
Honors College Theses
America is experiencing the worst economic downturn since the Great Depression originating with problems from mortgage backed securities and seeping into every major sector in the economy. We have witnessed the downfall or government takeover of some of the most powerful companies in the country, contributing to the highest unemployment rate America has seen in decades. During the 1990s, Japan experienced what is commonly referred to as “the lost decade,” a period of prolonged stagnant growth. Many similarities can be drawn between the current U.S. crisis and the Japanese crisis of the late 90s. The macroeconomic conditions that caused the …
Do Good Things Come Out After Recessions? The Productivity-Business Cycle Interaction, Michael M. Alba, Lawrence B. Dacuycuy
Do Good Things Come Out After Recessions? The Productivity-Business Cycle Interaction, Michael M. Alba, Lawrence B. Dacuycuy
Angelo King Institute for Economic and Business Studies (AKI)
For the past two decades, the Philippines has endured a wave of recessions, events that technically represent fluctuations in economic activity. While some of these recessions have been shallow, resulting in minor deviations from where our economy should be, some have been deep and devastating like the ones that occurred during the last years of the Marcos regime.
Women, The Recession, And The Impending Economic Recovery, Jennifer W. Keil
Women, The Recession, And The Impending Economic Recovery, Jennifer W. Keil
School of Business All Faculty Scholarship
Would female investment bankers, mortgage lenders, and chief executive officers have taken the same risks given the same expected returns? Maybe not. The purpose of this article is to explore the impact of the U.S. recession on women and to help readers gain useful knowledge about women’s role in the economy.
Recession Grips The Bay State, Alan Clayton-Matthews
Recession Grips The Bay State, Alan Clayton-Matthews
Public Policy and Public Affairs Faculty Publication Series
Economic activity in Massachusetts is on the decline. According to the current economic index, real gross state domestic product grew at only a 0.6 percent annual rate in the third quarter, and the leading index is predicting that the state’s economy will decline at a 1.5 percent annual rate over the six months november 2008 through april 2009. Massachusetts is in a recession.
The Legal Origins Theory In Crisis, Lisa Fairfax
The Legal Origins Theory In Crisis, Lisa Fairfax
All Faculty Scholarship
The Legal Origins Theory purports to predict how countries respond to economic and social problems. Specifically, the legal origins of the United States should strongly influence the manner it approaches economic problems and its approach should be distinct from the response of civil law countries. If the theory is accurate, America's legal tradition should have a profound impact on its response to the crisis. This Article seeks to test the boundaries of the theory by assessing whether it could have predicted the manner the U.S. responded to the current economic crisis. After analyzing the U.S. response to the crisis, this …