2021 Comprehensive Surveillance Review : Background Paper on The Surveillance Priority Confronting Risks and Uncertainties.

The coverage of risks has become more systematic since the Global Financial Crisis (GFC): staff reports now regularly identify major risks and provide an assessment of their likelihood and economic impact, summarized in Risk Assessment Matrices (RAM). But still limited attention is paid to the range...

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Yhteisötekijä: International Monetary Fund. Strategy, Policy, and Review Department
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2021.
Sarja:Policy Papers; Policy Paper ; No. 2021/029
Aiheet:
Linkit:Full text available on IMF
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110 2 |a International Monetary Fund.  |b Strategy, Policy, and Review Department. 
245 1 0 |a 2021 Comprehensive Surveillance Review :   |b Background Paper on The Surveillance Priority Confronting Risks and Uncertainties. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (30 pages) 
490 1 |a Policy 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 The coverage of risks has become more systematic since the Global Financial Crisis (GFC): staff reports now regularly identify major risks and provide an assessment of their likelihood and economic impact, summarized in Risk Assessment Matrices (RAM). But still limited attention is paid to the range of possible outcomes. Also, risk identification is useful only so much as to inform policy design to preemptively respond to relevant risks and/or better prepare for them. In this regard, policy recommendations in surveillance could be richer in considering various risk management approaches. To this end, progress is needed on two dimensions: -- Increasing emphasis on the range of potential outcomes to improve policy design. -- Encouraging more proactive policy advice on how to manage risks. Efforts should continue to leverage internal and external resources to support risk analysis and advice in surveillance. 
538 |a Mode of access: Internet 
650 7 |a Financial Crises  |2 imf 
650 7 |a Monetary Policy  |2 imf 
650 7 |a Political Economy  |2 imf 
830 0 |a Policy Papers; Policy Paper ;  |v No. 2021/029 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/007/2021/029/007.2021.issue-029-en.xml  |z IMF e-Library