Growth Recovery in Southern Europe (Record no. 29544)

000 -LEADER
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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