Growth-promoting Policies and Macroeconomic Stability
Policy reforms aimed at boosting long-run growth often have side effects - positive or negative - on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play...
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| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2013
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| Series: | OECD Economics Department Working Papers
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| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | Policy reforms aimed at boosting long-run growth often have side effects - positive or negative - on an economy's vulnerability to shocks and their propagation. Macroeconomic shocks as severe and protracted as those since 2007 warrant a reconsideration of the role growth-promoting policies play in shaping the vulnerability and resilience of an economy to macroeconomic shocks. Against this background, this paper looks at a vast array of policy recommendations by the OECD that promote longterm growth - contained in Going for Growth and the Economic Outlook - and attempts to establish whether they underpin macroeconomic stability or whether there is a trade-off |
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| Physical Description: | 42 p. 21 x 29.7cm |