Growth Recovery in Southern Europe (Record no. 29544)
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000 -LEADER | |
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fixed length control field | 02398cam a22003014a 4500 |
001 - CONTROL NUMBER | |
control field | 7877 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | The World Bank |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20181114094940.0 |
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION | |
fixed length control field | m o d |
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION | |
fixed length control field | cr cn||||||||| |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 160311s2016 dcu o i00 0 eng |
024 8# - OTHER STANDARD IDENTIFIER | |
Standard number or code | 10.1596/1813-9450-7877 |
035 ## - SYSTEM CONTROL NUMBER | |
System control number | (The World Bank)7877 |
100 1# - MAIN ENTRY--PERSONAL NAME | |
Personal name | Islam, Roumeen. |
245 10 - TITLE STATEMENT | |
Title | Growth Recovery in Southern Europe |
Medium | [electronic resource] : |
Remainder of title | A Dozen Lessons, Old and New / |
Statement of responsibility, etc | Roumeen Islam. |
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
Place of publication, distribution, etc | Washington, D.C. : |
Name of publisher, distributor, etc | The World Bank, |
Date of publication, distribution, etc | 2016. |
300 ## - PHYSICAL DESCRIPTION | |
Extent | 1 online resource (47 p.) |
520 3# - SUMMARY, ETC. | |
Summary, etc | Greece, Ireland, Portugal, and Spain entered a period of severe economic and financial stress in the aftermath of the 2008 crisis. Their collective experience confirmed the primacy of total debt, private or public, in affecting the onset of, depth of, and recovery from economic crises. The year 2010 and the years following have demonstrated the ways in which policy responses to crisis-related downturns must be adapted when major international partners experience simultaneous growth slowdowns and markets exhibit increased risk aversion. This paper compares the recovery experience of these countries in light of recent policy debates and research on the impact of macroeconomic and structural reforms. It highlights that (a) the quality of the policies adopted to stabilize economies in the short run affects growth recovery in the long run; and (b) macroeconomic policies (fiscal and monetary) are most effective in supporting growth when they take into account structural differences between countries and when policies complement each other. The country experiences indicate that a holistic view of factors affecting investment, exports, and employment is needed to understand the impact of macroeconomic and structural reforms on output. In the absence of such a holistic view, policy may neglect to influence the binding constraints to growth. |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Debt |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Financial Sector |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Jobs |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Structural Policies |
650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
Topical term or geographic name as entry element | Trade |
700 1# - ADDED ENTRY--PERSONAL NAME | |
Personal name | Islam, Roumeen. |
776 18 - ADDITIONAL PHYSICAL FORM ENTRY | |
Main entry heading | Print Version: |
Display text | Islam, Roumeen |
Title | Growth Recovery in Southern Europe: A Dozen Lessons, Old and New |
Place, publisher, and date of publication | Washington, D.C. : The World Bank, 2016. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | Policy research working papers. |
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE | |
Uniform title | World Bank e-Library. |
856 40 - ELECTRONIC LOCATION AND ACCESS | |
Uniform Resource Identifier | <a href="http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7877">http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-7877</a> |
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