of the five countries to the 2008 crisis was countercyclical. On the fiscal side, countries had a larger fiscal space in … indicators and a reduction in financing needs in the years before the crisis. On the monetary side, the capacity to implement … countercyclical responses in future crisis episodes, the fiscal authorities should reverse expansionary measures during good times and …

of the crisis, however without increasing the debt too high. Specific action plans have to be created individually, with …

of the five countries to the 2008 crisis was countercyclical. On the fiscal side, countries had a larger fiscal space in … indicators and a reduction in financing needs in the years before the crisis. On the monetary side, the capacity to implement … countercyclical responses in future crisis episodes, the fiscal authorities should reverse expansionary measures during good times nd …

is even applicable. Since policy makers have to understand the roots and the dimension of the crisis in order to seize … to make sure that the roots of the crisis are similar. So this paper addresses the question: Is the current financial … crisis similar to the Great Depression? For that purpose I will systematically compare the Great Recession with the Great …