Joerg Kraemer, chief economist at Commerzbank -- Germany's second-largest bank -- would expect the ECB to cut the deposit rate to negative territory before putting in place any other non-standard measures such as a loan scheme for small businesses.

CNN: Euro recession deepens: So what can the ECB do now?

Stephen Green of Standard Chartered thinks export growth could fall to zero next year and even turn negative.

FORBES: Magazine Article

Standard Keynesian models that claim a quick boost from higher government spending show the effect quickly turns negative.

WSJ: Michael Boskin: Larger Spending Cuts Would Help the Economy