Growth-promoting Policies and Macroeconomic Stability:

Policy reforms aimed at boosting long-run growth often have side effects - positive or negative - on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play...

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Bibliographische Detailangaben
Beteilige Person: Sutherland, Douglas (VerfasserIn)
Weitere beteiligte Personen: Hoeller, Peter (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Paris OECD Publishing 2013
Schriftenreihe:OECD Economics Department Working Papers
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Links:https://doi.org/10.1787/5k3xqsz7c8d2-en
Zusammenfassung:Policy reforms aimed at boosting long-run growth often have side effects - positive or negative - on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks. Against this background, this paper looks at a vast array of policy recommendations by the OECD that promote longterm growth - contained in Going for Growth and the Economic Outlook - and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off
Umfang:1 Online-Ressource (42 Seiten) 21 x 29.7cm
DOI:10.1787/5k3xqsz7c8d2-en