The Elusive Recovery
Article dans une revue: The economic, financial and institutional crisis which started in 2008 looks like it is never going to end. Nearly 9 years after the meltdown of the financial system of developed countries, after a violent recession followed by the euro debt crisis in 2012, a recovery finally started in late 2014. It has been pushed by a mix of fair winds, such as low oil prices, low interest rates, a lower effective exchange rate of the euro, a less negative fiscal stance in the euro area and unconventional monetary policies. Adding to those fair winds, the Juncker commission took stock of the worrying situation in 2015 and proposed the Juncker Plan to boost (mostly private) investment in the EU.
Auteur(s)
Georg Feigl, Markus Marterbauer, Miriam Rehm, Matthias Schnetzer, Sepp Zuckerstätter, Lars Nørvang Andersen, Thea Nissen, Signe Dahl, Peter Hohlfeld, Benjamin Lojak, Achim Truger, Andrew Watt, Guillaume Allegre, Céline Antonin, Christophe Blot, Jérôme Creel, Bruno Ducoudre, Paul Hubert, Sabine Lebayon, Sandrine Levasseur, Raul Sampognaro, Aurélien Saussay, Vincent Touzé, Sébastien Villemot
Revue
- Revue de l’OFCE
Date de publication
- 2016
Mots-clés
- Economic
- Financial
- Crisis
Référence interne
- 2441/9labe9r4se65i789685qj0d3k
Pages
- 15 – 29
URL de la notice HAL
Version
- 1