Financial crises have large deleterious effects on economic activity, and as such have been
the focus of a large body of research. This study surveys the existing literature on financial …

This paper reviews the literature on financial crises focusing on three specific aspects. First,
what are the main factors explaining financial crises? Since many theories on the sources of …

Populism at the country level is at an all-time high, with more than 25 percent of nations
currently governed by populists. How do economies perform under populist leaders? We …

Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has
created some positive economic and financial surprises and opportunities for research. This …

We analyse the impact of standard and non-standard monetary policy on bank profitability.
We use both proprietary and commercial data on individual euro area bank balance-sheets …

Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow
post-crisis recoveries. Recent events in Europe provide ample evidence that the political …

We explore two issues triggered by the crisis. First, in most advanced countries, output
remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation …

The differences in regional economic resilience and the drivers of resilience across the
urban–rural hierarchy in the European Union are explored empirically in this paper. Three …

The extraordinary events surrounding the Great Recession have cast a considerable doubt
on the traditional sources of macroeconomic instability. In their place, economists have …

" One of the more momentous books of the decade."—The New York Times Book Review
Nate Silver built an innovative system for predicting baseball performance, predicted the …