Growth Policies and Macroeconomic Stability:

Policy reforms aimed at boosting long-run growth often have side effects - positive or negative - on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play...

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Bibliographic Details
Main Author: Sutherland, Douglas (Author)
Other Authors: Hoeller, Peter (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2014
Series:OECD Economic Policy Papers
Subjects:
Online Access:Volltext
Summary:Policy reforms aimed at boosting long-run growth often have side effects - positive or negative - on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks. Against this background, this paper looks at a vast array of policy recommendations by the OECD that promote longterm growth - contained in Going for Growth and the Economic Outlook - and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off
Physical Description:1 Online-Ressource (30 Seiten) 21 x 29.7cm
DOI:10.1787/5jz8t849335d-en

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