Purpose This paper analyses the COVID-19 situation in Nigeria, its effect on the economy
and the structural causes that worsened the coronavirus (COVID-19) crisis …

Between 2000 and 2012, the Portuguese economy grew less than the United States during
the Great Depression and less than Japan during its lost decade. This paper asks why this …

Budget deficits have come back with a vengeance. In the last three years, they have risen in
virtually all countries due to the recession and, in some cases, to bank support measures …

The political structures of the Scandinavian nations have long stood as models for
government and public policy. This comprehensive study examines how that “Nordic model” …

This paper presents a simple model of currency crises which is driven by the interplay
between the credit constraints of private domestic firms and the existence of nominal price …

This paper develops a simple macroeconomic model that shows that combining capital
market imperfections together with unequal access to investment opportunities across …

This paper introduces a framework for analyzing the role of financial factors as a source of
instability in small open economies. Our basic model is a dynamic open economy model …

The current financial and economic crisis has resulted in the worst global recession since
World War II. The subsequent destruction of jobs and increased duration of joblessness will …

Proper conduct of monetary policy requires understanding the monetary transmission
mechanism, to monitor the economy, make decisions on the stance of policy, and explain …

This paper presents a general equilibrium currency crisis model of the 'third generation', in
which the possibility of currency crises is driven by the interplay between private firms' credit …