Introduction ‒ Ten long years of crisis

Introduction - Dix longues années de crise

Daniel Cohen

PSE-Ecole d'économie de Paris (Postprint) from HAL

Abstract: The crisis celebrates its tenth anniversary, offering economists a lesson in modesty and a great opportunity to take a new look at their understanding of theworld. The effect of a zero lower bound on interest rates on the efficiency of economic policies, the Keynesian multiplier measure, the issue of the growth slowdown being a cause or consequence of the crisis, the effect of rising uncertainties on households' and firms' behaviour, the effectiveness of macro-prudential stabilisation, the impact of inequalities on the functioning of the credit market, the way in which the coordi- nation of macro-economic policies in Europe is designed and promoted: all these crucial questions are part of the economists' research programme, and this special issue offers a rich review of the progress already achieved.

Keywords: economic policies; inequalities; employment adjustment; uncertainty; productivity; European crisis; financial crisis; politiques économiques; ajustement de l'emploi; incertitude; inégalités; productivité; crise européenne; crise financière (search for similar items in EconPapers)
Date: 2017-10-11
Note: View the original document on HAL open archive server: https://insee.hal.science/hal-05500919v1
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Published in Economie et Statistique / Economics and Statistics, 2017, 494-495-496, pp.5-10. ⟨10.24187/ecostat.2017.494t.1915⟩

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Journal Article: Introduction – Ten long years of crisis (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:hal-05500919

DOI: 10.24187/ecostat.2017.494t.1915

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