Publication
21 Sep 2011
This paper presents a new diagnosis for the economic crisis in the context of the financial instability of August 2011. It contests that the economic growth posted by most advanced countries (excluding Spain) in the wake of the recession of 2008-2010 was in part just a mirage, fueled by government stimulus measures that are difficult to maintain. The author also evaluates the limited policy alternatives at the disposal of the US and the Euro-Zone.
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English (PDF, 8 pages, 71 KB) Spanish (PDF, 8 pages, 97 KB) |
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Author | Federico Steinberg |
Series | Elcano Royal Institute Analyses |
Issue | 124 |
Publisher | Elcano Royal Institute of International and Strategic Studies |
Copyright | © 2011 Elcano Royal Institute of International and Strategic Studies |