Chapter 1: The European Economy: Macroeconomic outlook
Michael Devereux (),
Authors registered in the RePEc Author Service: Xavier Vives (),
Gilles Saint-Paul (),
Hans-Werner Sinn (),
Jan-Egbert Sturm (),
Giancarlo Corsetti (),
Luigi Guiso () and
John Hassler ()
EEAG Report on the European Economy, 2010, 11-51
After a deep economic recession during the winter of 2008/2009, which was triggered by a US-led financial crisis, many countries went through a stabilisation period and now seem to have entered a recovery phase. Global monetary and fiscal policies have prevented a worse outcome and lie at the roots of the current recovery.
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