EIB Working Paper 2022/14 : The scarring effects of major economic downturns

EIB Working Paper 2022/14 The scarring effects of major economic downturns

"Despite the efforts of policy makers to tackle recessions as they happen, there is ample evidence that major economic downturns produce lasting negative effects on real GDP, pointing to the existence of "economic scarring". This paper takes a fresh look at economic scarring in 26 OEC...

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Detalles Bibliográficos
Autor principal: European Investment Bank (author)
Autor Corporativo: European Investment Bank, author, issuing body (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Luxembourg : European Investment Bank 2022.
Materias:
Great courses (Compact disc). > Business & economics.
Economics.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009720366506719
Tabla de Contenidos:
  • The scarring effects of major economic downturns
  • 1. Introduction
  • 2. The related literature
  • 3. Stylised facts around major economic downturns
  • 4. The size of scarring and policy implications
  • 5. Determinants of scarring
  • 6. Conclusions
  • References
  • Annex
  • A.1 Identifying major economic downturns
  • A.2 Data
  • A.3 Robustness checks
  • Alternative methods to extrapolate pre-crisis trends
  • Enlargement of sample
  • The role of monetary policy.

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