Orthofer, Anna; Schreiner, Josef; Vondra, Klaus - In: Monetary Policy & the Economy (2010) 1, pp. 6-25
The world economy has overcome the cyclical trough. On the back of extensive economic stimulus programs, most economies returned to positive growth rates in the second half of 2009, with emerging countries taking the lead. The rate of the recovery, however, diverges strongly across the different...