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Risks of Stagnation in the Euro Area

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, h...

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Bibliographic Details
Main Author: Lin, Huidan
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Capital And Total Factor Productivity
Capital Accumulation
Labour
Industrial Productivity
Prices
Intangible Capital
Capacity
Production
Investment
Private Investment
Labor Economics
Saving And Investment
Total Factor Productivity
Investments: General
Capital
Income Economics
Production And Operations Management
National Accounts
Economywide Country Studies: Europe
Measurement Of Economic Growth
Labor Economics: General
Price Level
Aggregate Productivity
Cost
Deflation
Labor
Inflation
Cross-country Output Convergence
Macroeconomics
Forecasting And Other Model Applications
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:25 pages
ISBN:9781513586175

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