Provides an accessible, comprehensive and up-to-date review of the theoretical and empirical groundwork -Strikes a balance between theory and applied empirical work, illustrated by carefully chosen examples -Contains carefully chosen examples and extensive data Includes supplementary material: sn. pub/extras
"Do you cope with anxiety by avoiding people, places, and situations that make you feel anxious? Do you deal with depression by isolating yourself from the people and activities that used to bring you joy? Do you avoid talking or thinking about the events that caused your post-traumatic stress disorder (PTSD)? If so, you're not alone. Changing behavior in an attempt to avoid thinking or confronting things that are uncomfortable is a common symptom of anxiety, depression, PTSD, and related conditions. With this guide, you'll develop skills based in transdiagnostic behavior therapy (TBT), an evidence-based protocol designed to help you identify and overcome the avoidance and isolation issues associated with depression, anxiety, and PTSD. You'll also learn how to safely and gradually implement therapeutic techniques that will result in reduced symptoms and improved confidence. If you're tired of hiding from difficult thoughts, emotions, and situations, this book will help you break the avoidance cycle at the heart of your disorder. It's time to stop running from the life you want and start developing the effective coping skills you need to face life's challenges with courage and confidence."-- Back cover
The book explores the contrasting effects of banking unions on regional financial stability, focusing on the United States and Europe. It highlights how the U.S. banking union effectively mitigates regional financial shocks at the federal level, while in Europe, especially within the Eurozone, such unions have resulted in significant regional dislocation and tensions. The study delves into the mechanisms and implications of these differences, offering insights into the effectiveness of banking unions in crisis management.
Safe Haven Flows, Natural Interest Rates and Secular Stagnation - Empirical Evidence for Euro Area Countries
Does an improvement in growth prospects lead to a fall in the trade balance? The relevance of this question stems from the tendency for countercyclical fluctuations in the trade balance stressed by both the academic literature and policymakers. However, we do not find that improved growth prospects (news shocks) necessarily lead to negative trade balance effects in the G7 countries. We develop a novel news shocks identification scheme, apply it to country-level vector autoregressions (VARs), and obtain the following results. While in the U.S., news shocks induce a persistent deterioration of the trade balance, the negative trade balance effect in Germany is only temporary. By contrast, in other G7 countries, news shocks induce positive and transitory trade balance effects. Consumption smoothing and substantial fluctuations in investment and labor input are important drivers of these results for the U.S., and less so in other G7 countries. Therefore, policy recommendations to reduce the trade imbalances through productivity-enhancing reforms in advanced economies are likely to yield only temporary effects