The Elusive Recovery

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 Allègre (), Céline Antonin, Christophe Blot (), Jerome Creel, Bruno Ducoudré, Paul Hubert, Sabine Lebayon, Sandrine Levasseur, Raul Sampognaro (), Aurélien Saussay (), Vincent Touzé and Sébastien Villemot
Additional contact information
Georg Feigl: Institute of Anatomy - Medizinische Universität, Graz
Lars Nørvang Andersen: Aarhus University [Aarhus]
Christophe Blot: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po
Raul Sampognaro: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po
Aurélien Saussay: OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po

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Abstract: 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.

Keywords: Economic; Financial; Crisis (search for similar items in EconPapers)
Date: 2016-12
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03459084
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Published in Revue de l'OFCE, 2016, IAGS 2017, pp.15 - 29

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Related works:
Working Paper: The Elusive Recovery (2016)
Working Paper: The Elusive Recovery (2016)
Working Paper: The Elusive Recovery (2016)
Working Paper: The Elusive Recovery (2016)
Working Paper: The Elusive Recovery (2016)
Working Paper: The Elusive Recovery (2016)
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