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Chapter 1: The European Economy: Macroeconomic outlook

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  • Giancarlo Corsetti
  • Michael P. Devereux
  • Luigi Guiso
  • John Hassler
  • Gilles Saint-Paul
  • Hans-Werner Sinn
  • Jan-Egbert Sturm
  • Xavier Vives

Abstract

After a deep economic recession during the winter of 2008/2009, which was triggered by a US-led financial crisis, many countries went through a stabilisation period and now seem to have entered a recovery phase. Global monetary and fiscal policies have prevented a worse outcome and lie at the roots of the current recovery.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/ZS/ZS-EEAG_Report/zs-eeag-2010/eeag_report_chap1_2010.pdf
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Bibliographic Info

Article provided by CESifo Group Munich in its journal EEAG Report on the European Economy.

Volume (Year): (2010)
Issue (Month): (02)
Pages: 11-51

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Handle: RePEc:ces:eeagre:v::y:2010:i::p:11-51

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  1. Wollmershäuser, Timo & Rottmann, Horst, 2010. "A micro data approach to the identification of credit crunches," OTH im Dialog: Weidener Diskussionspapiere 24, University of Applied Sciences Amberg-Weiden (OTH).
  2. Nathalie Girouard & Christophe André, 2005. "Measuring Cyclically-adjusted Budget Balances for OECD Countries," OECD Economics Department Working Papers 434, OECD Publishing.
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