Publication:
A Decade after the 2009 Global Recession: Macroeconomic and Financial Sector Policies

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dc.contributor.authorKoh, Wee Chian
dc.contributor.authorYu, Shu
dc.date.accessioned2020-06-25T14:46:32Z
dc.date.available2020-06-25T14:46:32Z
dc.date.issued2020-06
dc.description.abstractUnprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession standards, and many emerging market and developing economies (EMDEs) have been struggling to unwind their fiscal stimulus and contain a buildup of debt. The experience of the global recession in 2009 highlights the need for well-timed, appropriately calibrated domestic stabilization policies, but also the benefits of international cooperation and coordination in support of strong and sustained global growth and financial system stability. Sound policy frameworks can help create room for stabilization policies, such as fiscal rules to safeguard fiscal sustainability or macroprudential policies and capital flow management measures to better manage systemic risks.en
dc.identifierhttp://documents.worldbank.org/curated/en/446541592856902883/A-Decade-after-the-2009-Global-Recession-Macroeconomic-and-Financial-Sector-Policies
dc.identifier.doi10.1596/1813-9450-9289
dc.identifier.urihttps://hdl.handle.net/10986/33984
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9289
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectGLOBAL RECESSION
dc.subjectMACROECONOMIC POLICY
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectCAPITAL FLOWS
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectMONETARY POLICY
dc.subjectFISCAL STIMULUS
dc.subjectDEBT
dc.subjectSTABILIZATION POLICY
dc.subjectMACROPRUDENTIAL POLICY
dc.subjectCAPITAL FLOW MANAGEMENT
dc.titleA Decade after the 2009 Global Recessionen
dc.title.subtitleMacroeconomic and Financial Sector Policiesen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleA Decade after the 2009 Global Recession: Macroeconomic and Financial Sector Policies
okr.date.disclosure2020-06-22
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/446541592856902883/A-Decade-after-the-2009-Global-Recession-Macroeconomic-and-Financial-Sector-Policies
okr.guid446541592856902883
okr.identifier.doi10.1596/1813-9450-9289
okr.identifier.externaldocumentum090224b087aaf5bb_1_0
okr.identifier.internaldocumentum32159852
okr.identifier.reportWPS9289
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/446541592856902883/pdf/A-Decade-after-the-2009-Global-Recession-Macroeconomic-and-Financial-Sector-Policies.pdfen
okr.statistics.combined2064
okr.statistics.dr446541592856902883
okr.statistics.drstats1787
okr.topicPublic Sector Development::Public Sector Economics
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.unitProspects Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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