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Episode or Hysteresis? Some Theoretical and Policy Lessons from the Crisis of 2008

Ádám Török () and Boglárka Konka ()
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Ádám Török: University of Pannonia, Department of International Economics, Veszprém, Hungary
Boglárka Konka: University of Pannonia, Department of International Economics, Veszprém, Hungary

Acta Oeconomica, 2018, vol. 68, issue supplement2, 45-70

Abstract: The post-2008 crisis seems to have come to an end in most countries, but its long-term impacts are increasingly felt by most players of the world economy. Certain economic problems were aggravated, others created by the crisis that seems to have generated significant structural and behavioral changes in most national economies and their international relations. These lasting changes are listed, and new directions for research suggested in the present paper, using an approach combining the human, the financial and the growth dimensions.

Keywords: financial crisis; growth; fiscal policy; inequalities; bounded rationality; financial integration; trade policy (search for similar items in EconPapers)
JEL-codes: B20 D70 E62 F00 H60 L12 L43 O3 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:aka:aoecon:v:68:y:2018:i:supplement2:p:45-70