TITLE

Why Do German and U.S. Reactions to the Financial Crisis Differ ?

AUTHOR(S)
Silvia, Stephen J.
PUB. DATE
December 2011
SOURCE
German Politics & Society;12/25/2011, Vol. 29 Issue 4, p68
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article explores the 2008-2009 global financial crisis and the divergence in economic policy between the U.S. and Germany since then. Particular focus is given to how the historical understanding of the Great Depression shaped economic policy in each country following the 2008 financial crisis. An overview of the responses by Germany and the U.S. to the economic crisis, including the German government's subsidizing of short-time work and the American government's providing of economic stimulus for infrastructure programs, tax cuts and economic assistance, is provided.
ACCESSION #
70387346

 

Related Articles

  • End This Depression Now! Norton, W W. // End This Depression Now!;12/23/2016, p1 

    Since the Great Recession of the late 2000s, the United States and Europe have been mired in an economic slump. To promote a full recovery, action is needed. In End This Depression Now!, Paul Krugman examines in detail the events that contributed to the economic downturn and makes the case for...

  • More Grapes, Less Wrath. Karabell, Zachary // Newsweek (Atlantic Edition);4/27/2009 (Atlantic Edition), Vol. 153 Issue 17, p52 

    The article explores the differences between the 2008-2009 economic crisis and the Great Depression of the 1930s. Details about the U.S. unemployment rate and economic and medical support systems in place in the U.S. are provided. According to the article, the middle class is more resistant to...

  • The Other Great Depression. DE LAS CASAS, GUSTAVO // Harvard International Review;Spring2009, Vol. 31 Issue 1, p88 

    This article refutes the common notion that the 2008 recession will lead to geopolitical problems. Most observers compare the current recession with the recession in the 1930s which translated into a geoopolitical problem, the Second World War. However, the present recession has more in common...

  • The Credit Crisis and Recession as a Paradigm Test. Bezemer, Dirk J. // Journal of Economic Issues (Taylor & Francis Ltd);Mar2011, Vol. 45 Issue 1, p1 

    This paper contributes to the debate on what economics can learn from the credit crisis and recession. It asks what are the elements in the mainstream paradigm that caused many economists to misjudge the state of the economy so dramatically in the years leading up to the 2007 credit crisis and...

  • THE POOR MAN'S BURDEN. Easterly, William // Foreign Policy;Jan/Feb2009, Issue 170, p76 

    In this article the author considers the impact that the 2008-09 financial crisis and ensuing recession had on the global fight to reduce poverty. Citing the individual efforts of figures in developing countries who lifted themselves out of poverty, the author contends that government...

  • "Sub prime crises and the lessons for the Islamic Financial Industry". Muhammad Ali, Suleman // Journal of Islamic Banking & Finance;Apr-Jun2013, Vol. 30 Issue 2, p11 

    The Islamic Financial Industry (IFI) and its players including the regulators need to learn important lessons from the sub prime crises; especially since the industry at present is in its initial stages and is some what indirectly linked to the global conventional financial system. The paper...

  • The Great Escape. Samuelson, Robert J. // Newsweek (Atlantic Edition);10/12/2009 (Atlantic Edition), Vol. 154 Issue 15, p22 

    The author comments on the U.S. economic crisis and the question of its magnitude in relation to the Great Depression of 1929. He notes Christina Romer, the head of U.S. President Barack Obama's Council of Economic Advisors and scholar of the Great Depression whose view is that the 2009...

  • Erste Praxis-Erfahrungen mit der Bankenabgabe. Niehaus, Hans-Jürgen // Die Bank;jan2012, Issue 1, p43 

    The article discusses German regulations standards and guidelines for banks due to the impact of the global financial crisis on the international and German banking industry. The German Federal Agency for Financial Market Stabilization (Bundesanstalt für Finanzsmarktstabilisierung FMSA) was...

  • Merkel's Moment. Mayer, Catherine; Moore, Tristana; Thompson, Mark // Time International (South Pacific Edition);1/11/2010, Vol. 175 Issue 1, p20 

    The article profiles German Chancellor Angela Merkel. Her upbringing in communist East Germany, her actions in response to the 2008-2009 global financial crisis, and her commitment to democratic and humanist ideals are discussed. German foreign relations with the United States, Afghanistan, and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics