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Handle with care! Post-crisis growth in the EU

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  • Jean Pisani-Ferry
  • Bruno van Pottelsberghe

Abstract

In this policy brief, Jean Pisani-Ferry and Bruno van Pottelsberghe show that although the crisis originated in the US, Europeâ??s outlook has deteriorated faster and more sharply leading to the worst crisis observed during the post-war era. However, the length of the crisis matters at least as much at its depth, and policymakers should not overlook the medium term consequences of their actions.

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Bibliographic Info

Paper provided by Bruegel in its series Policy Briefs with number 301.

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Date of creation: Apr 2009
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Handle: RePEc:bre:polbrf:301

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  1. Bruno Van Pottelsberghe, 2008. "Europe's R&D: Missing the wrong targets?," ULB Institutional Repository 2013/167075, ULB -- Universite Libre de Bruxelles.
  2. Jean Pisani-Ferry & André Sapir & Jakob von Weizsäcker, 2008. "A European recovery programme," Policy Briefs 239, Bruegel.
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Cited by:
  1. Berg, Andrew & Papageorgiou, Chris & Pattillo, Catherine & Spatafora, Nicola, 2011. "The end of an era? The medium- and long-term effects of the global crisis on growth in low-income countries," IAMO Forum 2011: Will the "BRICs Decade" Continue? – Prospects for Trade and Growth 25, Leib­niz Institute of Agricultural Development in Central and Eastern Europe (IAMO).
  2. Adam S. Posen & Nicolas Veron, 2009. "A Solution for Europe's Banking Problem," Policy Briefs PB09-13, Peterson Institute for International Economics.
  3. Kienzler, Daniel & Schmid, Kai Daniel, 2013. "Monetary policy and hysteresis in potential output," University of Tuebingen Working Papers in Economics and Finance 55, University of Tuebingen, Faculty of Economics and Social Sciences.
  4. Agnès Bénassy-Quéré & Benoît Coeuré & Pierre Jacquet & Jean Pisani-Ferry, 2009. "The Crisis: Policy Lessons and Policy Challenges," Working Papers 2009-28, CEPII research center.
  5. Jürgen von Hagen & Jean Pisani-Ferry & Jakob von Weizsäcker, 2009. "A European Exit Strategy," Policy Briefs 328, Bruegel.
  6. Kienzler, Daniel & Schmid, Kai D., . "Hysteresis in Potential Output and Monetary Policy," Working Papers on Finance 1328, University of St. Gallen, School of Finance.
  7. Abdul Abiad & Petya Koeva Brooks & Irina Tytell & Daniel Leigh & Ravi Balakrishnan, 2009. "What’S the Damage? Medium-Term Output Dynamics After Banking Crises," IMF Working Papers 09/245, International Monetary Fund.
  8. Stefano Sacchi & Federico Pancaldi & Claudia Arisi, 2011. "The Economic Crisis as a Trigger of Convergence? Short-time work in Italy, Germany and Austria," Carlo Alberto Notebooks 199, Collegio Carlo Alberto.

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