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Structural analysis in times of crisis

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Abstract

The financial crisis of 2007 triggered the biggest global recession since the Great Depression. Although economies are gradually becoming more stable and overcoming the initial shock, the effects of the recession are still at work through distortions in savings, the deterioration in the labour market and the strong pressures that stimulus packages are exerting on government finances.

Suggested Citation

  • ., 2011. "Structural analysis in times of crisis," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 21, pages 89-100, Spring.
    • Handle: RePEc:bfr:quarte:2011:21:05
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    More about this item

    Keywords

    crisis; labour market; inequalities; savings; fiscal consolidation; economic modelling.;
    All these keywords.

    JEL classification:

    • D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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