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Chapter 1: The Macroeconomic Outlook

Author

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

Abstract

The structural problems brought to light by the financial crisis have largely remained in place or shifted from the private (banking) sector to the public sector. In the United States, despite increased saving, household debt remains high; their wealth position has deteriorated substantially due to the bursting of the house price bubble. The real estate sector has shrunk, and the financial sector has still not fully recovered.

Suggested Citation

  • Giancarlo Corsetti & Michael P. Devereux & John Hassler & Gilles Saint-Paul & Hans-Werner Sinn & Jan-Egbert Sturm & Xavier Vives, 2011. "Chapter 1: The Macroeconomic Outlook," EEAG Report on the European Economy, CESifo, vol. 0, pages 17-69, February.
    • Handle: RePEc:ces:eeagre:v::y:2011:i::p:17-69
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    References listed on IDEAS

    as
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    6. Giancarlo Corsetti & Keith Kuester & André Meier & Gernot J. Müller, 2010. "Debt Consolidation and Fiscal Stabilization of Deep Recessions," American Economic Review, American Economic Association, vol. 100(2), pages 41-45, May.
    7. Gebhard Flaig & Wolfgang Nierhaus & Ina Becker & Steffen Henzel & Oliver Hülsewig & Erich Langmantel & Johannes Mayr & Wolfgang Meister & Monika Ruschinski & Dirk Ulbricht & Timo Wollmershäuser, 2006. "Ifo Economic Forecast 2006/2007: The upswing continues," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(12), pages 19-54, June.
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