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World Economic Outlook, October 2009: Sustaining the Recovery

Author/Editor: International Monetary Fund. Research Dept.
Published: October 15, 2009
Electronic Access: Link to Table of Contents
Electronic Access: Free Full Text (PDF file size is 4,027KB)
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Summary: This edition of the World Economic Outlook explores the prospects for growth in the aftermath of the financial crisis. The fragile nature of the recovery will present many challenges. These include the need for continued strong monetary, fiscal, and financial policies, ongoing efforts to restore the financial sector to health, improvements in private demand, and preparation of exit strategies on the fiscal, monetary, and financial fronts. The first of two analytical chapters included in this edition, "Monetary Policy and Asset Prices: What Do We Learn from Booms and Busts?" explores whether there is a role for monetary policy in preventing asset price busts. The second, "Medium-Run Output Evolutions after Crises: A Historical Perspective," explores the effect of large economic shocks on output and its composition, including variations related to initial conditions, the type of shock, and economic policies.
 
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Series: World Economic Outlook
Frequency: Biannually
Author's keyword(s): economic growth | financial crisis | recovery | recession | financial crisis | WEO | output | asset prices | monetary policy
Notes: Full text also available in Arabic, and Spanish.
 
English  
    Published:   October 15, 2009        
    ISBN/ISSN:   978-1-58906-807-0 / 0256-6877   Format:   Paper
    Stock No:   WEOEA2009002   Pages:   228
    Price:   US$68.00 (Academic Rate: US$60.00 )
       
     
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