Alison Johnston

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    Income growth may be more important to the development of housing bubbles than cheap credit

Income growth may be more important to the development of housing bubbles than cheap credit

The development of a housing bubble in the United States is generally regarded as one of the root causes of the financial crisis that began in 2007, but what causes housing bubbles to occur? Alison Johnston and Aidan Regan write that while the bubble leading to the financial crisis has tended to be blamed on the spread of cheap […]

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    The absence of national adjustment tools is the reason why Eurozone countries continue to struggle

The absence of national adjustment tools is the reason why Eurozone countries continue to struggle

The Eurozone continues to experience low growth, while unemployment remains a substantial problem in several European states. Alison Johnston and Aidan Regan write that despite these issues, the European policy response has remained broadly similar since the crisis: reducing public spending and imposing structural reforms in periphery states to try and improve their competitiveness. They argue that there are […]

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