Economic Noble peace prize winner on the Crisis

Edmund Phelps, 2006 Economic Noble peace prize winner, will analyze the effects of short and long term effects on the macroeconomic policies.

Tuesday, December 9, 2008


He recommends providing incentives for the creation of new companies that generate novel ideas for activating the economy.

How long will the recession in the US last?
There are those who believe that it will last six to nine months more for the financial sector to be able to stand on its feet ...

More on this topic

Costa Rica and the Effects of an International Crisis

September 2011

A report by Aldesa analyzes the effects for Costa Rica of a potential international crisis.

According to Aldesa:

During this week the market has been permeated by an air of positivity due to expectations that European authorities will solve the problem of the debt crisis. However, if more events occur, there would still be risks for the global economy that could trigger a slowdown in the U.S. and Europe.

From Recession to Recovery: How Soon and How Strong?

April 2009

FMI: "Recessions associated with financial crises tend to be severe. Recoveries from such recessions are typically slow."

If such recessions are globally synchronized then they tend to last even longer and be followed by recoveries that are even weaker.

Countercyclical policies can be helpful in ending recessions and strengthening recoveries.

Key meeting of SICA concerning the crisis

December 2008

Tomorrow, leaders from the region will analyze a packet of recommendations on how to deal with the crisis.

The heads of governments will analyze the plan that they requested from the specialized technical institutions of SICA to measure the impact that the global financial crisis could have on the region.

Prudence and final crisis

September 2008

The dreaded recession in the US has proven to be a difficult phenomenon to forecast. One year ago most people were predicting that there would a slight recession and that it wouldn't last long.

Some were predicting that by the second or third quarter of this year the US economy would be out of danger.

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