New IMF World Economic Outlook
This post was written by Philip Lane
The analytical chapters from the new WEO are now online here.
Chapter 3 is on “Lessons for Monetary Policy from Asset Price Fluctuations”
Chapter 4 is on “What’s the Damage? Medium-Term Output Dynamics after Financial Crises”
Tags: IMF WEO
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on Tuesday, September 22nd, 2009 at 3:02 pm and is filed under Economic Performance.
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September 23rd, 2009 at 2:58 am
Chapter 4 does not seem kind to the Irish approach to the crisis. I read it as saying that limiting short-run output loss is important, because these losses are highly persistent. But in Ireland, huge fiscal resources were allocated to areas of no stimulative effect — the bank shareholdings.
September 23rd, 2009 at 11:41 am
Isn’t it time to think for ourselves?