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”
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.
Isn’t it time to think for ourselves?