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Finanskrisen, en studie om Irland och Island

Ehde, Otto LU and Lindrot, Adam LU (2012) NEKH01 20121
Department of Economics
Abstract (Swedish)
This essay concerns the financial crisis with a focus on Iceland and Ireland. We try to describe the events leading up to the crisis, the causes behind it and what factors were the most important. Furthermore we try to analyze what variables affect the GDP-gap prior to and after the crisis in the two countries. The reason we chose the two countries are their many similarities and the crucial difference concerning policy-making in that one has a fixed and one a floating exchange rate. The variables we include in our multiple regression model are the real interest rate, the real exchange rate and the change in house prices. We analyze these variables with a starting in the theories of the Mundell-Fleming model and the theories of Irving... (More)
This essay concerns the financial crisis with a focus on Iceland and Ireland. We try to describe the events leading up to the crisis, the causes behind it and what factors were the most important. Furthermore we try to analyze what variables affect the GDP-gap prior to and after the crisis in the two countries. The reason we chose the two countries are their many similarities and the crucial difference concerning policy-making in that one has a fixed and one a floating exchange rate. The variables we include in our multiple regression model are the real interest rate, the real exchange rate and the change in house prices. We analyze these variables with a starting in the theories of the Mundell-Fleming model and the theories of Irving Fisher concerning expansionary phases and depressions. Our results are ambiguous but they implicate that the theories cannot fully explain what happens in the real economy. (Less)
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author
Ehde, Otto LU and Lindrot, Adam LU
supervisor
organization
course
NEKH01 20121
year
type
M2 - Bachelor Degree
subject
keywords
crisis, debt-deflation, mundell-fleming, gdp-gap
language
Swedish
id
2797336
date added to LUP
2012-06-15 12:57:02
date last changed
2012-06-15 12:57:02
@misc{2797336,
  abstract     = {This essay concerns the financial crisis with a focus on Iceland and Ireland. We try to describe the events leading up to the crisis, the causes behind it and what factors were the most important. Furthermore we try to analyze what variables affect the GDP-gap prior to and after the crisis in the two countries. The reason we chose the two countries are their many similarities and the crucial difference concerning policy-making in that one has a fixed and one a floating exchange rate. The variables we include in our multiple regression model are the real interest rate, the real exchange rate and the change in house prices. We analyze these variables with a starting in the theories of the Mundell-Fleming model and the theories of Irving Fisher concerning expansionary phases and depressions. Our results are ambiguous but they implicate that the theories cannot fully explain what happens in the real economy.},
  author       = {Ehde, Otto and Lindrot, Adam},
  keyword      = {crisis,debt-deflation,mundell-fleming,gdp-gap},
  language     = {swe},
  note         = {Student Paper},
  title        = {Finanskrisen, en studie om Irland och Island},
  year         = {2012},
}