Preventing Recession in Europe: National vs. European Approaches
INTERECONOMICS, Vol 44, No.1, January/February 2009
Selected articles contributed by CEPS are free in PDF; others may be purchased individually (or the entire contents of the journal) from http://www.intereconomics.eu.
Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting their economies with unmitigated force. Each government is responding to the emerging problems with a country-specific set of measures. Given the global nature of the crisis, would coordinated action at the European level not be a better approach? Was the German government – much-criticised for its initial reluctance to adopt massive fiscal stimulation measures – right after all to exploit the option value of waiting in a situation of high uncertainty?
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by Holger Schmieding
by Tito Boeri
by Ansgar Belke
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