International Evidence on 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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書目詳細資料
主要作者: Cerra, Valerie
其他作者: Panizza, Ugo, Saxena, Sweta
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2009.
叢編:IMF Working Papers; Working Paper ; No. 2009/183
在線閱讀:Full text available on IMF