New IMF World Economic Outlook

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”

2 replies on “New IMF World Economic Outlook”

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.

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