Lin, Huidan, (2016), “Risks of Stagnation in the Euro Area”, IMF Working Paper No. 16/9, 22 Ιανουαρίου
This paper discusses the risks of stagnation over the medium term in the euro area. It examines the consequences of longer-term growth trends that predate the crisis and the progress made in addressing the crisis legacies of high unemployment and debt. The paper illustrates in a downside scenario, how low potential growth and crisis legacies leave the euro area vulnerable to a negative shock that tips the economy into a prolonged slowdown.
Σχετικές Αναρτήσεις
- Merler, Sylvia, (2016), “A financial side to a macroeconomic story: macro imbalances and financial integration in the euro area”, Bruegel publications, 18 Ιανουαρίου
- European Central Bank, (2015), “Eurosystem Staff Macroeconomic Projections for the Euro Area”, ECB Macroeconomic Projections, Δεκέμβριος