The state of air transport markets and the airline industry after the great recession

2012 ◽  
Vol 21 ◽  
pp. 3-9 ◽  
Author(s):  
Brian Pearce
Author(s):  
Murat Tasci ◽  
Caitlin Treanor

Unemployment rates vary across individual US states at any point in time and respond to business-cycle fluctuations differently. Evaluating what constitutes a "normal" level for the unemployment rate at the state level is not easy, but it is an important issue for policymakers. We introduce a framework that enables us to calculate the normal unemployment rate for each of the four states in the Fourth District and compare that rate to the national normal rate. We conclude that these states and the District as a whole have very little labor market slack left from the Great Recession.


Author(s):  
M. Klinova

The author analyses the rise of State control in the economy due to the world financial crisis and the "Great Recession" of 2008–2009. Anti-crisis measures are being studied both at supranational and national levels. There are two main models of stimulus packages – Anglo-Saxon and Continental depending on the spheres where the State concentrates its efforts. The first model targets primarily financial services, the second one focuses mainly on real economy. Apparently, the compromise between these two trends seems to be inevitable.


2020 ◽  
pp. 019251212091913
Author(s):  
Marco Giuliani

During the Great Recession, exceptionally harsh economic conditions were often countered by austerity policies that, according to many, further worsened and protracted the negative conjuncture. Both elements, the poor state of the economy and the contractionary manoeuvers, are supposed to reduce the electoral prospects for incumbents. In this article, we compare the relative explanatory powers of these two theories before and during the economic crisis. We demonstrate that in normal times citizens are fiscally responsible, whereas during the Great Recession, and under certain conditions, austerity policies systematically reduced the support for incumbents on top of the state of the economy. This happened when the burdens of the manoeuvers were shared by many, in more equal societies, when the country was constrained by external conditionalities and when readjustments were mostly based on tax increases.


2017 ◽  
Vol 46 (1) ◽  
pp. 38-41 ◽  
Author(s):  
Mark A. Green

The Great Recession of 2007–2008 saw the largest period of economic downturn since the Second World War or the Great Depression of the 1930s. Recessions, however, tend not to have a significant impact on population health. Rather it is how society and governments respond to a recession that has a larger impact on their populations. The dominant political response to the Great Recession was the introduction of austerity programmes aimed at reducing the size of the state. In this Commentary, I briefly review the state of evidence on the changes in population health during austerity. Although the negative impact of austerity on overall population health has been well documented across Europe, there remains a paucity of evidence on within-country differences in health. The slowing down of improvements in life expectancy, correlated to the level of austerity, raises uncomfortable questions as to whether we are beginning to transition from the era of consistently improving population health to a new age characterised by an instability in population health largely dictated by the social and political determinants of health.


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