IDEAS home Printed from https://ideas.repec.org/a/ekz/ekonoz/2011210.html
   My bibliography  Save this article

Instituciones, mercados y políticas a la luz de la Gran Recesión

Author

Listed:
  • Xosé Carlos Arias

    (Universidad de Vigo)

Abstract

In this paper we examine the effects of the Great Recession on the acceptance of the new institutional economics approach. Among the very conclusions, we emphasize the approch was reinforced in theoretical terms, but many empirical and policyoriented studies in the «institutions matter» way gave clear proof of bias and errors. In other sense, a new deleveraging era is probably coming now and, in this way, the notion of institutional efficience as a source of growth is becoming outstanding. Finally, the crucial institutions in economic policymaking processes will also be affected; mainly the notion of policy rules could go through some important change in the next future.

Suggested Citation

  • Xosé Carlos Arias, 2011. "Instituciones, mercados y políticas a la luz de la Gran Recesión," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 77(02), pages 176-199.
  • Handle: RePEc:ekz:ekonoz:2011210
    as

    Download full text from publisher

    File URL: http://www.ogasun.ejgv.euskadi.net/r51-k86aekon/es/k86aEkonomiazWar/ekonomiaz/downloadPDF?R01HNoPortal=true&idpubl=73®istro=1152
    File Function: complete text
    Download Restriction: no

    More about this item

    Keywords

    institutions; financial crisis; macroeconomic policy; rules;

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • P41 - Economic Systems - - Other Economic Systems - - - Planning, Coordination, and Reform

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekz:ekonoz:2011210. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iñaki Treviño). General contact details of provider: http://edirc.repec.org/data/debages.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.