International Evidence on Recovery from Recessions

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, with impacts that are asymmetrically stronger... READ MORE...

Publication date: August 2009
ISBN 9781451873306
$18.00

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