... an imminent drawdown below the 20% threshold. Originality/value This study three-factor probit model shows adaptability beyond the typical recessionary bear market and predicts/explains the liquidity-based selloffs, like the 2022 and possibly the 1987 deep drawdowns. Recession Monetary policy Deep...

... Overeducation Persistence Recession I26 J01 J28. Education is, undoubtedly, a key instrument to improve the economic and social situation of a region and its citizens. Hence, policy-makers have increased investment in education during recent decades and have defined a series of policies aimed...

... model, including trade agreement and recession as explanatory variables. The impacts of trade agreement and economic recession on Sino-African imports and exports are examined. Findings The results show that the product of GDP affects African exports to China significantly and negatively...

... between the great depression and the great recession, highlighting similarities and differences. Second, it suggests a relevant policy implication. Findings on commercial bank sector resilience suggest that at present national authorities have little choice but to make up for the losses on “legacy” assets...

... Theodossiou can be contacted at:theod@abdn.ac.uk © Emerald Group Publishing Limited 2008 Recession Death rate Unemployment Personal health Europe The majority of studies investigating the link between unemployment and health status provided consistent evidence that unemployment has...

... it in future. © MCB UP Limited 1998 Business cycles Chicago tradition Monetarism Recession Underconsumption George Tavlas (1997 and 1998 this issue) disagrees with the story I have told about the origins of the Chicago tradition, but he has not shown that the extensive body...

... Recession Underconsumption In Laidler (1993) I drew attention to the fact that Milton Friedman’s views on monetary factors in the business cycle are close to those espoused by Ralph Hawtrey in the 1920s and 1930s (as indeed are his opinions on the relative effectiveness of monetary and fiscal...

... in the long term; it is not devaluations but their contractionary effect which should be avoided. Devaluation Exchange rates Peru Recession Export Imports Economics Models Fundamental Equilibrium Exchange Rates under Contractionary Devaluation: A Peruvian Model by David E. Hojman University...