IMF Working Papers

This is a Dead Working Paper Record That Should Be Deleted

ByHuidan Huidan Lin

January 22, 2016

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Huidan Huidan Lin. This is a Dead Working Paper Record That Should Be Deleted, (USA: International Monetary Fund, 2016) accessed 12/22/2025
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside scenario, how low potential growth and crisis legacies leave the euro area vulnerable to a negative shock that tips the economy into a prolonged slowdown.

Keywords: Deleveraging, Downside scenario, Euro area, Potential growth, Productivity

  • Pages:

    25

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Working Paper No. 15/402

  • Stock No:

    WPIEA2015402

  • ISBN:

    9781513565408

  • ISSN:

    1018-5941