Booms Crises and Recoveries A New Paradigm of the Business Cycle and its Policy Implications is popular PDF and ePub book, written by Ms.Valerie Cerra in 2017-11-16, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Booms Crises and Recoveries A New Paradigm of the Business Cycle and its Policy Implications can be Read Online from any device for your convenience.
Booms Crises and Recoveries A New Paradigm of the Business Cycle and its Policy Implications Book PDF Summary
All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output losses. These findings have far-reaching conceptual and policy implications. A new paradigm of the business cycle needs to account for shifts in trend output and the puzzling inconsistency of output dynamics with other cyclical components of production. The ‘output gap’ can be ill-conceived, poorly measured, and inconsistent over time. Persistent losses require more buffers and crisis-avoidance policies, affecting tradeoffs in prudential, macroeconomic, and reserve management policies. The frequency and depth of crises are key determinants of long-term growth and drive a new stylized model of economic development.
Detail Book of Booms Crises and Recoveries A New Paradigm of the Business Cycle and its Policy Implications PDF
- Author : Ms.Valerie Cerra
- Release : 16 November 2017
- Publisher : International Monetary Fund
- ISBN : 9781484325759
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 8,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Booms Crises and Recoveries A New Paradigm of the Business Cycle and its Policy Implications by Ms.Valerie Cerra, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.