Fostering Growth in Europe Now
Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
| Author: | Bergljot Ms. Barkbu, Jesmin Rahman, Rodrigo Mr. Valdés | ISBN: | 9781475579895 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | June 18, 2012 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Bergljot Ms. Barkbu, Jesmin Rahman, Rodrigo Mr. Valdés |
| ISBN: | 9781475579895 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | June 18, 2012 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
The SDN looks at policies to foster growth in Europe. There is substantial empirical evidence that structural reforms can lift growth markedly in the medium to long term, but the current economic slack and cyclical headwinds argue for a more supportive approach. Policy measures on both the supply and demand sides are needed, the former to anchor the medium-term growth prospects, the latter to support growth in the interim. Restoring the health of the financial system is also critical to buttressing demand, and more active policies at the central level would complement these efforts.
The SDN looks at policies to foster growth in Europe. There is substantial empirical evidence that structural reforms can lift growth markedly in the medium to long term, but the current economic slack and cyclical headwinds argue for a more supportive approach. Policy measures on both the supply and demand sides are needed, the former to anchor the medium-term growth prospects, the latter to support growth in the interim. Restoring the health of the financial system is also critical to buttressing demand, and more active policies at the central level would complement these efforts.
