Growth-promoting Policies and Macroeconomic Stability [E-Book] / Douglas Sutherland and Peter Hoeller
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in s...
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Full text |
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Personal Name(s): | Sutherland, Douglas. |
Hoeller, Peter. | |
Imprint: |
Paris :
OECD Publishing,
2013
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Physical Description: |
43 p. ; 21 x 29.7cm. |
Note: |
englisch |
DOI: |
10.1787/5k3xqsz7c8d2-en |
Series Title: |
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OECD Economics Department Working Papers ;
1091 |
Keywords: |
Economics |
Policy reforms aimed at boosting long-run growth often have side effects – positive or negative – on an economy’s vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks. Against this background, this paper looks at a vast array of policy recommendations by the OECD that promote longterm growth – contained in Going for Growth and the Economic Outlook – and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off. |