EIB Working Paper 2022/14 : : The scarring effects of major economic downturns / / European Investment Bank.
"Despite the efforts of policy makers to tackle recessions as they happen, there is ample evidence that major economic downturns produce lasting negative effects on real GDP, pointing to the existence of "economic scarring". This paper takes a fresh look at economic scarring in 26 OEC...
Saved in:
| VerfasserIn: | |
|---|---|
| Place / Publishing House: | Luxembourg : : European Investment Bank,, 2022. |
| Year of Publication: | 2022 |
| Language: | English |
| Physical Description: | 1 online resource (62 pages) |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Table of Contents:
- The scarring effects of major economic downturns
- 1. Introduction
- 2. The related literature
- 3. Stylised facts around major economic downturns
- 4. The size of scarring and policy implications
- 5. Determinants of scarring
- 6. Conclusions
- References
- Annex
- A.1 Identifying major economic downturns
- A.2 Data
- A.3 Robustness checks
- Alternative methods to extrapolate pre-crisis trends
- Enlargement of sample
- The role of monetary policy.