publication . Article . 2009

Shock Producers and Shock Absorbers in the Crisis

Hans-Werner Sinn;
Open Access
  • Published: 01 Dec 2009
  • Publisher: World Bank
  • Country: United States
Abstract
It is not surprising that the U.S. has been by far the world???s largest shock producer in this crisis. The big shock absorbers on the other hand were Japan, Russia and Germany, whose exports shrank more than their imports.
Subjects
free text keywords: asset values, banking system, consumer credit, debt, debt-equity, expenditure, financial system, government budget, government budget deficit, insurance, mortgage, mortgage market, mortgages, pensions, reinvestment, savings rate, savings rates, tax, trade balances, wealth effect, Economics, Government budget, Shock absorber, Financial system, Wealth effect, Monetary economics, Debt, media_common.quotation_subject, media_common
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publication . Article . 2009

Shock Producers and Shock Absorbers in the Crisis

Hans-Werner Sinn;