The economic costs of conflict: A case study of the Basque country

Article Abstract:

An analysis of a case study of the economic effects of terrorist conflicts in Basque country in the late 1960s is presented. It is observed that the outbreak negatively influenced the gross domestic product of the country reducing it by ten percentage points. In addition to the 1960s conflict, the 1998-1999 truce is also considered. It is observed that the stocks of firms in that country showed a positive relative performance when the truce became plausible and negative relative performance when truce ended.

Police Protection, Terrorist Control, Security Mgmt-Kidnapping & Terrorism, Case studies, Economic aspects, Influence, Economic conditions, Terrorism, Basque Country, Spain

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Inflation's children: tales of crises that beget reforms

Article Abstract:

Studies made by Bruno and Easterly (1995) revealed that economies immediately recover from inflation after the implementation of stabilization programs. Moreover, the growth after inflation exceeded the level before inflation. These may be attributed to the drastic action take by countries to prevent inflation problems in the future and the increase in welfare as a result of a decrease in foreign aid.

Economic development, Depressions, Economic depressions

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Recurrent hyperinflations and learning

Article Abstract:

A rational learning model is developed to understand the recurrent hyperinflations in countries. The importance of quasi-rational learning in policy evaluation is studied.

Usage, Evaluation, Economics, Policy sciences, Economic theory

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