IDEAS home Printed from https://ideas.repec.org/p/mil/wpdepa/2009-15.html
   My bibliography  Save this paper

L'influenza americana: diagnosi, terapia, prognosi di una pandemia economica

Author

Listed:
  • Massimo FLORIO

Abstract

Eighty years after the Great Slump of 1929, the world re-discovers to be exposed to a pandemic economic crisis. There is the urgent need to read again old medicine books, that were prematurely forgotten. I comment some recent papers by economists of various orientation, all published between end 2008 and 2009. The rediscovery of old recipes for economic policy will be painstaking. The central tenet of this paper is that the current financial crisis is rooted in the fall of labor income share in the US, and in the abnormal creation of private debt to sustain capital income.

Suggested Citation

  • Massimo FLORIO, 2009. "L'influenza americana: diagnosi, terapia, prognosi di una pandemia economica," Departmental Working Papers 2009-15, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    • Handle: RePEc:mil:wpdepa:2009-15
    as

    Download full text from publisher

    File URL: http://wp.demm.unimi.it/files/wp/2009/DEMM-2009_015wp.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial global crisis; income shares; private debt;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

    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:mil:wpdepa:2009-15. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: DEMM Working Papers (email available below). General contact details of provider: https://edirc.repec.org/data/damilit.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.