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This recovery is different. CEPS Commentary 6 September 2012

Daniel Gros-2012-09-01-Archive of European Integration (AEI) (University of Pittsburgh)
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TL;DRAbstract

The misguided belief that “this time is different” led policy-makers to permit the credit boom of the early 2000s to continue for too long, thus preparing the ground for the biggest financial crisis in living memory. But when it comes to the recovery this around, CEPS Director Daniel Gros argues in this Commentary that the belief that this time should not be different might be equally dangerous.

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The misguided belief that “this time is different” led policy-makers to permit the credit boom of the early 2000s to continue for too long, thus preparing the ground for the biggest financial crisis in living memory. But when it comes to the recovery this around, CEPS Director Daniel Gros argues in this Commentary that the belief that this time should not be different might be equally dangerous.

Keywords

BoomFinancial crisisEconomicsPolitical sciencePolitical economyEconomic historyFinanceBusiness

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