Weathering the Shock of the Great Recession in France and Germany

Yunsoo Lee ()
Additional contact information
Yunsoo Lee: Shandong University

Public Organization Review, 2025, vol. 25, issue 1, No 9, 153-167

Abstract: Abstract No corner of the globe could wall itself off from the threats of the Great Recession of 2008. Because of the economic calamity, numerous citizens were devastated by the economic fallouts such as unemployment and inflation, and subsequently endured the diminished level of well-being. The purpose of this paper is to provide a picture of how France and Germany weathered the ramifications of the Great Recession. For both countries, the impact of the Great Recession had been tempered, not only by expansionary policies, but also by the retrenchment policy. Combination of two opposing policies led to stabilization of the state. For France, public leadership and innovation contributed to lessening the severity of the Great Recession. For Germany, relatively stable public services and pension helped to whittle down the baleful effects of the Great Recession.

Keywords: The Great Recession; Government performance; France; Germany (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11115-024-00780-2 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:porgrv:v:25:y:2025:i:1:d:10.1007_s11115-024-00780-2

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/11115/PS2

DOI: 10.1007/s11115-024-00780-2

Access Statistics for this article

Public Organization Review is currently edited by Ali Farazmand

More articles in Public Organization Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().