Has the Great Recession harmed the long-term growth prospects of the Eurozone economy?

Philippe Weil interviewed by Viv Davies,

Date Published

Fri, 06/20/2014

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See Also

CEPR Business Cycle Dating Committee (2014), "Eurozone mired in recession pause", VoxEU.org, 17 June.

CEPR Business Cycle Dating Committee (2014), "Euro Area Mired in Recession Pause", www.cepr.org, 11 June.

 

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Topics

Europe's nations and regions Global crisis
Tags
eurozone, growth, GDP, recession, business cycles, CEPR, trough, business cycle dating, expansion, peak

Related Article(s)

Recoveries: The missing third phase of the business cycle When did the Eurozone recession end? The US recession ended in May Eurozone in recession since 3rd quarter 2011
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When

June 2014

Where

London

Eurozone mired in recession pause

CEPR Business Cycle Dating Committee 17 June 2014

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The CEPR Business Cycle Dating Committee met on 11 June 2014 to determine whether the Eurozone is out of the recession that started after 2011Q3. The duty of the Committee – comprised of Philippe Weil (Chair), Domenico Giannone, Refet Gürkaynak, Monika Merz, Richard Portes, Lucrezia Reichlin, Albrecht Ritschl, Barbara Rossi, and Karl Whelan – is to date peaks and troughs of the Eurozone business cycle, marking recessions and expansions – a role similar to that of the NBER Business Cycle Dating Committee in the US.

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Topics:  Europe's nations and regions Global crisis

Tags:  eurozone, growth, GDP, recession, business cycles, CEPR, trough, business cycle dating, expansion, peak

Green shoots and double dips: Leave the words and use your statistics

Máximo Camacho, Gabriel Pérez-Quirós, Pilar Poncela 03 April 2012

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The combination of tight credit conditions and fiscal-austerity measures that occurred in 2010 and 2011 put significant downward pressures on Eurozone GDP growth. Since the summer of 2011, the media started to talk about the possibility that the Eurozone could enter into a double-dip recession. Only a few months before the analysts were all looking for ‘green shoots’. According to Google trends, the term ‘green shoots’ reached a peak in the searches in the week of 10 May 2009, while the term ‘double-dip’ reached its peak in the week of 7 August 2011.

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Topics:  Macroeconomic policy

Tags:  green shoots, nowcasting, trough

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