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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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Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Cerra, Valerie (Auteur), Panizza, Ugo (Auteur), Saxena, Sweta Chaman (Auteur)
Collectivité auteur: International Monetary Fund. Research Department
Format: Électronique eBook
Langue:Inglés
Publié: Washington, D.C. : International Monetary Fund, IMF Institute, ©2009.
Collection:IMF working paper ; WP/09/183.
Sujets:
Accès en ligne:Texto completo