The Scarring and Hysteresis Effects of Steep Recessions and the Implications for Fiscal Policy in ECA Transition EMDEs

The Scarring and Hysteresis Effects of Steep Recessions and the Implications for Fiscal Policy in ECA Transition EMDEs

The deep recession in many of the emerging market transition economies of Europe and Central Asia caused by the COVID-19 crisis has raised fears of long-term damage to potential output through scarring and hysteresis. These economies were also hit...

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Bibliographic Details
Main Authors: Brownbridge, Martin, Canagarajah, Sudharshan
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
FISCAL POLICY
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
ECONOMIC RECESSION
EMERGING MARKET ECONOMIES
GLOBAL FINANCIAL CRISIS
HYSTERESIS
COUNTERCYCLICAL POLICY
PUBLIC DEBT
Online Access:http://documents.worldbank.org/curated/en/321251622554430953/The-Scarring-and-Hysteresis-Effects-of-Steep-Recessions-and-the-Implications-for-Fiscal-Policy-in-ECA-Transition-EMDEs
http://hdl.handle.net/10986/35644

Internet

http://documents.worldbank.org/curated/en/321251622554430953/The-Scarring-and-Hysteresis-Effects-of-Steep-Recessions-and-the-Implications-for-Fiscal-Policy-in-ECA-Transition-EMDEs
http://hdl.handle.net/10986/35644

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