Fostering Growth in Europe Now

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Fostering Growth in Europe Now by Bergljot Ms. Barkbu, Jesmin Rahman, Rodrigo Mr. Valdés, INTERNATIONAL MONETARY FUND
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Author: Bergljot Ms. Barkbu, Jesmin Rahman, Rodrigo Mr. Valdés ISBN: 9781475579895
Publisher: INTERNATIONAL MONETARY FUND Publication: June 18, 2012
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Bergljot Ms. Barkbu, Jesmin Rahman, Rodrigo Mr. Valdés
ISBN: 9781475579895
Publisher: INTERNATIONAL MONETARY FUND
Publication: June 18, 2012
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The SDN looks at policies to foster growth in Europe. There is substantial empirical evidence that structural reforms can lift growth markedly in the medium to long term, but the current economic slack and cyclical headwinds argue for a more supportive approach. Policy measures on both the supply and demand sides are needed, the former to anchor the medium-term growth prospects, the latter to support growth in the interim. Restoring the health of the financial system is also critical to buttressing demand, and more active policies at the central level would complement these efforts.

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The SDN looks at policies to foster growth in Europe. There is substantial empirical evidence that structural reforms can lift growth markedly in the medium to long term, but the current economic slack and cyclical headwinds argue for a more supportive approach. Policy measures on both the supply and demand sides are needed, the former to anchor the medium-term growth prospects, the latter to support growth in the interim. Restoring the health of the financial system is also critical to buttressing demand, and more active policies at the central level would complement these efforts.

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