EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kiel Policy Brief, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/47873
  
Title:Growth patterns after the crisis: This time is not different PDF Logo
Authors:Jannsen, Nils
Scheide, Joachim
Issue Date:2010
Series/Report no.:Kiel policy brief / Institut für Weltwirtschaft an der Universität Kiel 22
Abstract:The recovery of the world economy is evolving with a considerable degree of heterogeneity across countries. While the recovery in emerging countries, in particular in Eastern Asia, was very pronounced, it was disappointingly slow in most advanced economies. For example, the upturn was quite strong only during the winter 2009/2010 in the United States and in Japan, and it has lost momentum since then. In other countries that had been hit by a banking crisis and/or a housing crisis, such as the United Kingdom, Spain, or Ireland, the recovery has been sluggish until recently. In this paper, we analyze whether the developments so far are surprising in the light of experience with previous crises. In other words: Is there any indication that 'this time is different'? In particular, we will argue that it is crucial to distinguish between normal recessions and recessions which are associated with a crisis to classify the current recovery in the historical context appropriately.
Document Type:Research Report
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kiel Policy Brief, IfW

Files in This Item:
File Description SizeFormat
641447558.pdf214.61 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/47873

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.