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Chapter 1: The Macroeconomic Outlook

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

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.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/ZS/ZS-EEAG_Report/zs-eeag-2011/eeag_report_chap1_2011.pdf
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Article provided by CESifo Group Munich in its journal EEAG Report on the European Economy.

Volume (Year): (2011)
Issue (Month): (02)
Pages: 17-69

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Handle: RePEc:ces:eeagre:v::y:2011:i::p:17-69
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  1. Giancarlo Corsetti & André Meier & Gernot J. Müller, 2012. "What determines government spending multipliers?," Economic Policy, CEPR;CES;MSH, vol. 27(72), pages 521-565, October.
  2. Lawrence J. Christiano & Martin Eichenbaum & Sergio Rebelo, 2010. "When is the government spending multiplier large?," CQER Working Paper 2010-01, Federal Reserve Bank of Atlanta.
  3. Gernot Müller & André Meier & Giancarlo Corsetti, 2012. "What Determines Government Spending Multipliers?," IMF Working Papers 12/150, International Monetary Fund.
  4. Corsetti, Giancarlo & Kuester, Keith & Meier, André & Müller, Gernot, 2010. "Debt consolidation and fiscal stabilization of deep recessions," CEPR Discussion Papers 7649, C.E.P.R. Discussion Papers.
  5. Kai Carstensen & Wolfgang Nierhaus & Oliver Hülsewig & Klaus Abberger & Christian Breuer & Steffen Elstner & Steffen Henzel & Johannes Mayr & Wolfgang Meister & Georg Paula & Anna Stangl & Timo Wollme, 2009. "ifo Konjunkturprognose 2009/2010: Abschwung setzt sich fort," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 62(12), pages 11-57, 06.
  6. Kai Carstensen & Wolfgang Nierhaus & Klaus Abberger & Tim O. Berg & T. Buchen & Chr. Breuer & St. Elstner & Chr. Grimme & St. Henzel & N. Hristov & M. Kleemann & J. Mayr & W. Meister & G. Paula & J. P, 2010. "ifo Konjunkturprognose 2011: Aufschwung setzt sich verlangsamt fort," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 63(24), pages 18-68, December.
  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 Konjunkturprognose 2006/2007: Aufschwung setzt sich fort," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 59(12), pages 19-54, 06.
  8. Reinhart, Carmen & Rogoff, Kenneth, 2009. "This Time It’s Different: Eight Centuries of Financial Folly-Preface," MPRA Paper 17451, University Library of Munich, Germany.
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