Internformat: International Evidenceon Recovery From Recessions

International Evidenceon Recovery From Recessions:

Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a rebound,...

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1. Verfasser:	Cerra, Valerie (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2009
Schriftenreihe:	IMF Working Papers Working Paper No. 09/183
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a rebound, with impacts that are asymmetrically stronger than in nonrecovery years. Real depreciation and the exchange rate regime also have asymmetric growth effects in a recovery year relative to other years of expansion. Recoveries are more sluggish in open economies, partly because fiscal policy is less effective than in closed economies
Beschreibung:	1 Online-Ressource (30 p)
ISBN:	1451873301 9781451873306

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spelling	Cerra, Valerie Verfasser aut International Evidenceon Recovery From Recessions Cerra, Valerie Washington, D.C International Monetary Fund 2009 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/183 Although negative shocks have persistent effects on output on average, this paper shows that macroeconomic policies and the structure of the economy can influence the speed of recovery and mitigate the persistence of the shock. Indeed, monetary and fiscal stimulus and foreign aid can spur a rebound, with impacts that are asymmetrically stronger than in nonrecovery years. Real depreciation and the exchange rate regime also have asymmetric growth effects in a recovery year relative to other years of expansion. Recoveries are more sluggish in open economies, partly because fiscal policy is less effective than in closed economies Online-Ausg Panizza, Ugo Sonstige oth Saxena, Sweta Chaman Sonstige oth http://elibrary.imf.org/view/IMF001/10397-9781451873306/10397-9781451873306/10397-9781451873306.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Cerra, Valerie International Evidenceon Recovery From Recessions
title	International Evidenceon Recovery From Recessions
title_auth	International Evidenceon Recovery From Recessions
title_exact_search	International Evidenceon Recovery From Recessions
title_exact_search_txtP	International Evidenceon Recovery From Recessions
title_full	International Evidenceon Recovery From Recessions Cerra, Valerie
title_fullStr	International Evidenceon Recovery From Recessions Cerra, Valerie
title_full_unstemmed	International Evidenceon Recovery From Recessions Cerra, Valerie
title_short	International Evidenceon Recovery From Recessions
title_sort	international evidenceon recovery from recessions
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