Chapter 1: The Macroeconomic Outlook

The structural problems brought to light by the financial crisis have largely remained in place or shifted from the private (banking) sector to the public sector. In the United States, despite increased saving, household debt remains high; their wealth position has deteriorated substantially due to the bursting of the house price bubble. The real estate sector has shrunk, and the financial sector has still not fully recovered.

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Year of publication:	2011
Authors:	Corsetti, Giancarlo ; Devereux, Michael P. ; Hassler, John ; Saint-Paul, Gilles ; Sinn, Hans-Werner ; Sturm, Jan-Egbert ; Vives, Xavier
Published in:	EEAG Report on the European Economy. - CESifo. - 2011, 02, p. 17-69
Publisher:	CESifo

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008853869