David A Zalewski
Biographic Data
| ID | 128931 |
|---|---|
| NAME | David A Zalewski |
| GIVEN NAMES | David A |
| FAMILY NAME | Zalewski |
| SIGNATURE | ZALEWSKI D A |
| AFFILIATIONS | Providence College |
| ORCID | 0000-0002-7039-8355 |
| VERIFIED | Yes |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 7 |
| AUTHOR COUNT | 8 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1994 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 1 |
History and Institutions Did Not Need a Nobel Prize to be ‘Cool’ Again. Heterodox Economists Had Already Accomplished That
The Royal Swedish Academy of Sciences awarded the 2024 Nobel Prize in Economics to Daron Acemoglu, Simon Johnson, and James A. Robinson for their work showing how political and economic institutions affect long-term prosperity. Although their research is praiseworthy for its focus on institutions and history, its reliance on New Institutional Economics (NIE) emphasizes formal institutions but not informal ones like community solidarity that heter…
The Moral Economists
By the end of the nineteenth century, leaders of many industrializing countries became increasingly concerned about social stability as radical insurgencies arose to replace laissez-faire instituti
Uncertainty and the Economy of Exclusion
Critics of Pope Francis's Evangelii gaudium argue that recent economic growth and reductions in inequality are evidence that his notion of the "economy of exclusion" is misguided. However, Francis alludes to another type of exclusion-increased uncertainty generated by technological change that affects citizens even in developed nations. Drawing from Post-Keynesian institutionalist theory, this article argues that this condition is common in capit…
Rethinking Finance in Light of Catholic Social Thought
Securitization, Social Distance, and Financial Crises
Because the process of securitizing home mortgages played a critical role in precipitating the recent financial crisis, it is widely agreed that this market must be reformed to prevent future collapses. Most proposals focus on improving the dissemination of information among securitization participants, and on strengthening incentives to discourage excessive risk-taking. This paper argues that because securitization involves the commodification o…
To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression
This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises help…
Uncertainty as a Propagating Force in The Great Depression
This article argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Two pieces of evidence support this conclusion. First, uncertainty (as measured by the risk premium embedded in the term structure of interest rates) rises during the banking crises and is positively linked to financial-market volatility associat…
An Empirical Analysis of Uncertainty and Investment During the Great Depression
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content
Uncertainty as a Propagating Force in The Great Depression
This article argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Two pieces of evidence support this conclusion. First, uncertainty (as measured by the risk premium embedded in the term structure of interest rates) rises during the banking crises and is positively linked to financial-market volatility associat…
Uncertainty and the Economy of Exclusion
Critics of Pope Francis's Evangelii gaudium argue that recent economic growth and reductions in inequality are evidence that his notion of the "economy of exclusion" is misguided. However, Francis alludes to another type of exclusion-increased uncertainty generated by technological change that affects citizens even in developed nations. Drawing from Post-Keynesian institutionalist theory, this article argues that this condition is common in capit…
To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression
This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises help…
Uncertainty as a Propagating Force in The Great Depression
This article argues that the banking crises and collapse of the international gold standard in the early 1930s contributed to the severity of the Great Depression by increasing interest-rate uncertainty. Two pieces of evidence support this conclusion. First, uncertainty (as measured by the risk premium embedded in the term structure of interest rates) rises during the banking crises and is positively linked to financial-market volatility associat…
An Empirical Analysis of Uncertainty and Investment During the Great Depression
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content
To Raise the Golden Anchor? Financial Crises and Uncertainty During the Great Depression
This study examines the interplay between financial crises, uncertainty, and economic growth during the interwar period. Comparing the experiences of ten countries, we provide evidence that reductions in the credibility of a country's commitment to the gold standard generated capital flight and higher interest rate volatility. This volatility, in turn, was inversely correlated with economic growth. These results suggest that financial crises help…
Securitization, Social Distance, and Financial Crises
Because the process of securitizing home mortgages played a critical role in precipitating the recent financial crisis, it is widely agreed that this market must be reformed to prevent future collapses. Most proposals focus on improving the dissemination of information among securitization participants, and on strengthening incentives to discourage excessive risk-taking. This paper argues that because securitization involves the commodification o…
Rethinking Finance in Light of Catholic Social Thought
The Moral Economists
By the end of the nineteenth century, leaders of many industrializing countries became increasingly concerned about social stability as radical insurgencies arose to replace laissez-faire instituti
Uncertainty and the Economy of Exclusion
Critics of Pope Francis's Evangelii gaudium argue that recent economic growth and reductions in inequality are evidence that his notion of the "economy of exclusion" is misguided. However, Francis alludes to another type of exclusion-increased uncertainty generated by technological change that affects citizens even in developed nations. Drawing from Post-Keynesian institutionalist theory, this article argues that this condition is common in capit…
History and Institutions Did Not Need a Nobel Prize to be ‘Cool’ Again. Heterodox Economists Had Already Accomplished That
The Royal Swedish Academy of Sciences awarded the 2024 Nobel Prize in Economics to Daron Acemoglu, Simon Johnson, and James A. Robinson for their work showing how political and economic institutions affect long-term prosperity. Although their research is praiseworthy for its focus on institutions and history, its reliance on New Institutional Economics (NIE) emphasizes formal institutions but not informal ones like community solidarity that heter…
Economics (7 works) · Political science (5 works) · Great Depression (3 works) · Law (3 works) · Macroeconomics (3 works) · Market Dynamics and Volatility (3 works) · Monetary Policy and Economic Impact (3 works) · Capitalism (2 works) · Depression (economics) (2 works) · Finance (2 works)