January 2009
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11 Citations
SSRN Electronic Journal
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... The real novelty of the Great Recession is the fall in nominal GDP that characterised all countries considered here. In fact, for Japan and the EA Periphery, nominal output declined for several years after 2009 (i.e., Greece (2009Greece ( -2015, Ireland (2008-2010), Italy (2009, Japan (2008( , 2009( ), Portugal (2009 and Spain (2009,(2011)(2012)(2013)). This is manifested, in Table 1, by the fact that nominal growth differences between the 2000-2007 and the 2008-2015 are greater than the corresponding real growth differences. The only notable exceptions are Germany and Japan, but for different reasons. ...
- Citing Article
January 2009
SSRN Electronic Journal