Ten Years after The Global Economic Crisis — A Retrospective Analysis

István Magas

Public Finance Quarterly, 2019, vol. 64, issue 1, 93-109

Abstract: The study attempts to take stock of the crisis management measures taken during the global economic crisis between 2008 and 2011, draw macroeconomic conclusions from it and identify the uncertainties and the old-yet-new risks still persisting at the end of 2018. The most important conclusion is that while both economic conditions and financial systems were able to stabilize in the most developed countries of the world economy, it cannot be claimed with full certainty that all risks that had previously led to a recession were able to be handled properly. While quantitative easing (QE) and discretionary fiscal policies in both the USA and the EU restored normalcy in the business cycle, neither productive investments nor labor or total factory productivity were able to return to the growth trends experienced before the crisis.

Keywords: global economic crisis; financial markets; business cycles and economic policies; quantitative easing (search for similar items in EconPapers)
JEL-codes: G01 G10 G12 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://unipub.lib.uni-corvinus.hu/8704/ (application/pdf)

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:pfq:journl:v:64:y:2019:i:1:p:93-109

Access Statistics for this article

More articles in Public Finance Quarterly from Corvinus University of Budapest Contact information at EDIRC.
Bibliographic data for series maintained by Adam Hoffmann ().