Regional Economic Outlook, October 2008, Euope: Dealing with Shocks

October 28, 2008

Preview Citation

Format: Chicago

Regional Economic Outlook, October 2008, Euope: Dealing with Shocks, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Also available in: русский

Summary

The confluence of multiple adverse shocks—the turbulence in financial markets, high commodity prices, and the appreciation of the exchange rate—have depressed growth in Europe. At the same time commodity prices increases have boosted headline inflation. While containing inflation remains a major concern, supporting the recovery is likely to gain policy prominence in the advanced economies. Looking forward, improvements in prudential regulation could mitigate the procyclicality of credit standards, which should help reduce macroeconomic volatility. Cross-border labor flows are generally seen to have beneficial macroeconomic effects.

Subject: Commodity prices, Credit, Inflation, Labor, Labor mobility, Money, Oil prices, Prices

Keywords: Baltics, Commodity, Commodity price shock, Commodity prices, Credit, Credit condition, Economy, Equity price, Europe, Food price inflation, Global, Inflation, Inflation expectation, Labor mobility, Net migration rate, Oil prices, Price, REO

Publication Details

Pages:

96
Volume:

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DOI:

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Issue:

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Series:

Europe
Stock No:

REOEUREA2008002
ISBN:

9781589067608
ISSN:

2071-4157

Notes

Full text also available in Russian

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