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Crisis response

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Jeffrey Hart
Jeffrey Hart
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Explaining Variance in Responses to the Financial Crisis of 2007-8 Jeffrey A. Hart Indiana University April 8, 2011
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Bank Lending in EU27
GDP and Employment in EU 27
Comparing European Growth to That of Other Regions
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Increases in Unemployment by Country 2008-2009
Debt/GDP in EU16 and US, 1999-2010
Debt/GDP by Country, 1999-2010
A Possible Explanatory Model Economic outcomes Policy Responses Crisis-related shock variables National System Characteristics Short-term political factors Pre-crisis economic performance
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Short- to Medium-Term Goals Defined at the EU Level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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Crisis response