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,...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2009
|
| Series: | IMF Working Papers
Working Paper No. 09/183 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | 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 |
| Physical Description: | 1 Online-Ressource (30 p) |
| ISBN: | 1451873301 9781451873306 |
Staff View
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:27Z |
| indexdate | 2024-07-10T09:35:35Z |
| institution | BVB |
| isbn | 1451873301 9781451873306 |
| language | English |
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| oclc_num | 1337137807 |
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| physical | 1 Online-Ressource (30 p) |
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| publishDate | 2009 |
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| publishDateSort | 2009 |
| publisher | International Monetary Fund |
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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 |
| url | http://elibrary.imf.org/view/IMF001/10397-9781451873306/10397-9781451873306/10397-9781451873306.xml |
| work_keys_str_mv | AT cerravalerie internationalevidenceonrecoveryfromrecessions AT panizzaugo internationalevidenceonrecoveryfromrecessions AT saxenaswetachaman internationalevidenceonrecoveryfromrecessions |