Fostering Growth in Europe Now

 
Author/Editor: Barkbu, Bergljot ; Rahman, Jesmin ; Valdés, Rodrigo
 
Publication Date: June 18, 2012
 
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Summary: 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.
 
Series: Staff Discussion Notes No. 12/7
Frequency: Quarterly
Subject(s): Banking sector | Europe | Euro Area | Economic growth | Fiscal consolidation | Fiscal reforms | Labor market reforms | Global competitiveness | Macroprudential Policy | Monetary policy

Author's Keyword(s): Growth | macroeconomic policy | real effective exchange rates | euro area
 
English
Publication Date: June 18, 2012
ISBN/ISSN: 9781475504644 Format: Paper
Stock No: SDNEA2012007 Pages: 43
Price:
US$10.00
 
 
English
Publication Date: June 18, 2012
ISBN/ISSN: 978-1-61635-407-7 / 2221-030X Format: A web quality merged PDF
Stock No: SDNET2012007 Pages: 43
Price:
Free
 
 
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