Economic policy in times of crisis - analysis and outlook

Elvira Nabiullina
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Elvira Nabiullina: RF Ministry of Economic Development

Ekonomicheskaya Politika / Economic Policy, 2009, vol. 3, 73-85

Abstract: Economists are now actively cojealous of the originality, pushing the new version of what exactly caused the world crisis - bubble the US housing market, non-financial regulation perfection cial market or anything else. The answers to these questions in due course They will certainly be given. However it is clear that the world economy can not develop without crises which, in fact, are the tools of purification of inefficient industries and sectors. In such way again, the beginning of the global crisis was only a matter of time. The cause of the crisis was the fact that there were accumulation of certain imbalances in the world - is concerned as the global system as a scrap, as well as individual countries. Depth and the duration of the crisis is not deterministic nated and depend on how great these imbalances are.

Keywords: crisis; economic policy; imbalances (search for similar items in EconPapers)
Date: 2009
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