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What governments can do to support their economies: the case for a strategic econsystem

Meyer, Henning and Klasen, Andreas (2013) What governments can do to support their economies: the case for a strategic econsystem. Global Policy, 4 (S1). pp. 1-9. ISSN 1758-5880

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Abstract

More than half a decade after the outbreak of the greatest economic crisis since the Great Depression, the world economy is still facing serious difficulties. Much more than during a ‘normal’ recession, the Great Recession of recent years has uncovered serious structural problems in the world economy and has brought about levels of unemployment unprecedented in modern times (Elsby et al. ). It first became clear that the financial sector had become in effect self-referential and too much removed from its traditional role of allocating finance throughout the whole economy (Menkhoff and Meyer, ). Following this, the structural weaknesses of the Euro were exposed leading to serious questions about the long-term sustainability of the most ambitious currency union ever attempted.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/%28...
Additional Information: © 2013 University of Durham and John Wiley & Sons, Ltd
Library of Congress subject classification: H Social Sciences > HB Economic Theory
H Social Sciences > HJ Public Finance
J Political Science > JF Political institutions (General)
Sets: Research centres and groups > LSE Public Policy Group
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 05 Aug 2013 09:04
URL: http://eprints.lse.ac.uk/51386/

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