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Title:Preventing recession in Europe: National vs. European approaches PDF Logo
Authors:Schmieding, Holger
Gros, Daniel
Boeri, Tito
Belke, Ansgar
Issue Date:2009
Citation:[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 44 [Year:] 2009 [Issue:] 1 [Pages:] 4-22
Abstract:Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would coordinated action at the European level not be a better approach? Was the German government much-criticised for its initial reluctance to adopt massive fiscal stimulation measures right after all to exploit the option value of waiting in a situation of high uncertainty?
Persistent Identifier of the first edition:doi:10.1007/s10272-009-0273-3
Document Type:Article
Appears in Collections:Intereconomics - Review of European Economic Policy

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