International evidence on recovery from recessions /

International evidence on recovery from recessions /

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Bibliographic Details
Author / Creator:	Cerra, Valerie, author.
Imprint:	Washington, D.C. : International Monetary Fund, IMF Institute, ©2009.
Description:	1 online resource (30 pages)
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/09/183 IMF working paper ; WP/09/183.
Subject:	Financial crises. Recessions. Business cycles. Foreign exchange administration. Foreign exchange market. Commercial policy. Business cycles. Commercial policy. Financial crises. Foreign exchange administration. Foreign exchange market. Recessions.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12495505

Hidden Bibliographic Details
Other authors / contributors:	Panizza, Ugo, author. Saxena, Sweta Chaman, author. International Monetary Fund. Research Department.
ISBN:	1451917554 9781451917550 1462352731 9781462352739 1452799504 9781452799506 9786612843938 6612843934 1282843931 9781282843936 9781451873306 1451873301
Digital file characteristics:	text file
Notes:	"August 2009." Includes bibliographical references (pages 28-30). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2011. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2011 HathiTrust Digital Library committed to preserve Print version record.
Summary:	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 than in nonrecovery years. Real depreciation and the exchange rate regime also have asymmetric growth effects in a recovery year relative to other years of expansion. Recoveries are more sluggish in open economies, partly because fiscal policy is less effective than in closed economies.
Other form:	Print version: Cerra, Valerie. International evidence on recovery from recessions. Washington, D.C. : International Monetary Fund, IMF Institute, 2009
Standard no.:	10.5089/9781451917550.001

Description
Summary:	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 than in nonrecovery years. Real depreciation and the exchange rate regime also have asymmetric growth effects in a recovery year relative to other years of expansion. Recoveries are more sluggish in open economies, partly because fiscal policy is less effective than in closed economies.
Item Description:	"August 2009."
Physical Description:	1 online resource (30 pages)
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 28-30).
ISBN:	1451917554 9781451917550 1462352731 9781462352739 1452799504 9781452799506 9786612843938 6612843934 1282843931 9781282843936 9781451873306 1451873301
ISSN:	2227-8885 ;