The Global Economic Recovery 10 Years After the 2008 Financial Crisis /

The Global Economic Recovery 10 Years After the 2008 Financial Crisis /

This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses registered...

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Xehetasun bibliografikoak
Egile nagusia: Chen, Wenjie
Beste egile batzuk: Mrkaic, Mico, Nabar, Malhar
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2019.
Saila:IMF Working Papers; Working Paper ; No. 2019/083
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Chen, Wenjie. 
245 1 4 |a The Global Economic Recovery 10 Years After the 2008 Financial Crisis /  |c Wenjie Chen, Mico Mrkaic, Malhar Nabar. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses registered, accompanied by long-lasting capital and total factor productivity shortfalls relative to precrisis trends. Policy choices preceding the crisis and in its immediate aftermath influenced postcrisis variation in output. Underscoring the importance of macroprudential policies and effective supervision, countries with greater financial vulnerabilities in the precrisis years suffered larger output losses after the crisis. Countries with stronger precrisis fiscal positions and those with more flexible exchange rate regimes experienced smaller losses. Unprecedented and exceptional policy actions taken after the crisis helped mitigate countries' postcrisis output losses. 
538 |a Mode of access: Internet 
700 1 |a Mrkaic, Mico. 
700 1 |a Nabar, Malhar. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/083 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/083/001.2019.issue-083-en.xml  |z IMF e-Library 

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