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The Aftermath of a Long Decade of Real Nil Interest Rates (Spain 1996–2008)

In: The First Great Recession of the 21st Century

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  • Óscar Dejuán
  • Eladio Febrero

Abstract

The 2008–10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this important analysis from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices.

Suggested Citation

  • Óscar Dejuán & Eladio Febrero, 2011. "The Aftermath of a Long Decade of Real Nil Interest Rates (Spain 1996–2008)," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 14, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14193_14
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    1. Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), 2011. "The First Great Recession of the 21st Century," Books, Edward Elgar Publishing, number 14193.
    2. Marisol Esteban & Amaia Altuzarra, 2008. "A model of the Spanish housing market," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 30(3), pages 353-373, April.
    3. Graziani,Augusto, 2003. "The Monetary Theory of Production," Cambridge Books, Cambridge University Press, number 9780521812115.
    4. Milton Friedman & Anna J. Schwartz, 1963. "A Monetary History of the United States, 1867–1960," NBER Books, National Bureau of Economic Research, Inc, number frie63-1, March.
    5. Friedman, Milton, 1977. "Nobel Lecture: Inflation and Unemployment," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 451-472, June.
    6. DeLoach, Stephen B, 2001. "More Evidence in Favor of the Balassa-Samuelson Hypothesis," Review of International Economics, Wiley Blackwell, vol. 9(2), pages 336-342, May.
    7. Guy Debelle, 2004. "Macroeconomic implications of rising household debt," BIS Working Papers 153, Bank for International Settlements.
    8. Stephen B. DeLoach, 2001. "More Evidence in Favor of the Balassa–Samuelson Hypothesis," Review of International Economics, Wiley Blackwell, vol. 9(2), pages 336-342, May.
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