Output Losses in Europe During COVID-19 : What Role for Policies? /
We use a decomposition methodology to analyze the factors underlying the differentiated output losses of European countries in 2020. Our findings are fourfold: First, 2020 growth outcomes can be explained by differences in mobility, underlying growth trends, and pre-pandemic country fundamentals. Se...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2022.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2022/130 |
| Soggetti: | |
| Accesso online: | Full text available on IMF Full text available on IMF Full text available on IMF Full text available on IMF |
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| 100 | 1 | |a Ari, Anil. | |
| 245 | 1 | 0 | |a Output Losses in Europe During COVID-19 : |b What Role for Policies? / |c Anil Ari, Jean-Marc Atsebi, Mar Domenech Palacios. |
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 2022. | |
| 300 | |a 1 online resource (40 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 We use a decomposition methodology to analyze the factors underlying the differentiated output losses of European countries in 2020. Our findings are fourfold: First, 2020 growth outcomes can be explained by differences in mobility, underlying growth trends, and pre-pandemic country fundamentals. Second, fiscal and monetary policies helped alleviate output losses during the pandemic in all European countries but to a varying extent. Third, shallower recessions in emerging market economies in Europe can be attributed to higher underlying growth and younger populations. Fourth, fiscal multipliers were higher in countries where above-the-line measures accounted for a larger share of the total fiscal package, the size of the total fiscal package was smaller, and inequality and informality were greater, as well as in countries with IMF-supported program during the pandemic. | |
| 538 | |a Mode of access: Internet | ||
| 650 | 7 | |a Economywide Country Studies |2 imf | |
| 650 | 7 | |a Fiscal Policy |2 imf | |
| 650 | 7 | |a General Outlook and Conditions |2 imf | |
| 650 | 7 | |a Monetary Policy |2 imf | |
| 650 | 7 | |a Studies of Particular Policy Episodes |2 imf | |
| 700 | 1 | |a Atsebi, Jean-Marc. | |
| 700 | 1 | |a Domenech Palacios, Mar.. | |
| 830 | 0 | |a IMF Working Papers; Working Paper ; |v No. 2022/130 | |
| 856 | 4 | 0 | |z Full text available on IMF |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=130 |z IMF e-Library |
| 856 | 4 | 0 | |z Full text available on IMF |u https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=131 |z IMF e-Library |
| 856 | 4 | 0 | |z Full text available on IMF |u https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=205 |z IMF e-Library |
| 856 | 4 | 0 | |z Full text available on IMF |u https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=206 |z IMF e-Library |