Headlines 2015

How economic freedom affects economic crises


Economic crises are the subject of a study by Christian Bjørnskov Professor at Aarhus University and affiliated to IFN. In a paper Bjørnskov examines how economic freedom affects economic crises. A high level of economic freedom proves to limit both the relative GDP decline and crisis recovery time, but has no effect on the duration of the crisis or the probability of a crisis.

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