Financial Crises, Investment Slumps, and Slow Recoveries /

One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the associat...

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Bibliographic Details
Main Author: Cerra, Valerie
Other Authors: Hakamada, Mai, Lama, Ruy
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/170
Subjects:
Online Access:Full text available on IMF