This book examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth and early twenty-first

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, i

We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for

An empirical investigation of financial crises during the last 800 years.

The worldwide Great Depression of the 1930s was a watershed for both economic thought and economic policymaking. It led to the belief that market economies are