Abstract (may include machine translation)
The crisis of 2008-2009 has ended, stockmarkets skyrocketed in 2012-2013, while growth of the real sector remained sluggish in Europe. This article attempts to explain the latter puzzle. Analyzing long term factors, the costs of short-termism in crisis management become obvious. The limitations of EU as a growth engine are highlighted.
Original language | English |
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Pages (from-to) | 21-36 |
Number of pages | 16 |
Journal | Society and Economy |
Volume | 36 |
Issue number | 1 |
DOIs | |
State | Published - 1 Apr 2014 |
Keywords
- O11
- O23
- P26
- fiscal consolidation
- growth crisis
- new political economy
- structural reform