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...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
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World Bank, Washington, DC
2021
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| 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 |