Paul Krugman: Europe’s Second Depression: A Correction


 

Aha — in my post on Europe’s policy failure, I somehow failed to notice that the new Maddison dataset provides per capita real GDP, which means that I should use per capita GDP in looking at the current crisis. And my point about dismal performance gets even stronger:

Europe in 2013 has recovered worse from its slump than Europe in 1935. Again, great work, guys.

Europe’s Second Depression: A Correction – NYTimes.com

Advertisements
This entry was posted in Europe, Paul Krugman. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s