Shock Producers and Shock Absorbers in the Crisis

Sinn, Hans-Werner

World Bank

关键词: asset values, banking system, consumer credit, debt, debt-equity, expenditure, financial system, government budget, government budget deficit, insurance, mortgage, mortgage market, mortgages, pensions, reinvestment, savings rate, savings rates, tax, trade balances, wealth effect;   

DOI  :  10.1596/1020-797X_11_3_13
RP-ID  :  3

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

It is not surprising that the U.S. has been by far the world’s largest shock producer in this crisis. The big shock absorbers on the other hand were Japan, Russia and Germany, whose exports shrank more than their imports.