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Chapter 9. Uncertainty: How Bad Is It?

Chapter 9. Uncertainty: How Bad Is It? »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs Uncertainty is largely behind the dramatic collapse in demand. Given the uncertainty, why build a new plant, or introduce a new product now? Better...

Chapter 10. The Great Divergence of Policies

Chapter 10. The Great Divergence of Policies »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs [F]ollowing fiscal rules blindly… is a recipe for disappointment and political conflict. Fiscal stabilization that supports growth is welcome. Prema...

Chapter 11. A Complex Affair: Global and National Cycles

Chapter 11. A Complex Affair: Global and National Cycles »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs The 2009 global recession forced a reconsideration of the linkages between the global business cycle and national cycles. Some countries were able t...

Chapter 12. Lessons: Past, Present, and Future

Chapter 12. Lessons: Past, Present, and Future »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs I believe that during the last financial crisis, macroeconomists (and I include myself among them) failed the country, and indeed the world. In Sept...

Part I: Setting the Stage

Part I: Setting the Stage »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs The Rediscovery of the Business Cycle is a sign of the times. Not much more than a decade ago, in what now seems a more innocent age, the “New Econo...

Part II: Learning about the Four Episodes

Part II: Learning about the Four Episodes »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs For a generation the world has enjoyed its greatest boom. It is now suffering its greatest inflation and could shortly be struggling with its greate...

Part III: The Great Recession under a Microscope

Part III: The Great Recession under a Microscope »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs The probability is growing that the global economy… will experience a serious recession. Recent developments suggest that all G7 economies are alrea...

Part IV: Living with the Global Cycle

Part IV: Living with the Global Cycle »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

Chapter Epigraphs [T]here is a danger that recession will feed on itself and that confidence in the future will be progressively sapped throughout the world as cautio...

Front Matter

Front Matter »

Source: Collapse and Revival : Understanding Global Recessions and Recoveries

Series: Books

Author(s): Ayhan Kose, and Marco Terrones

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2015

ISBN: 9781513570020

Keywords: Economic recession, global recession; business cycles; recession and recovery; financial globalization

As the debates about the recent global recession and the subsequent recovery have clearly shown, our understanding of these questions has been very limited. This comprehensive text puts the latest global recession and ongo...