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

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Department.

Series:

Regional Economic Outlook

Language:

English

Subjects (All):

Economic forecasting--Europe.

Economic forecasting.

Financial crises--Europe.

Financial crises.

Prices--Europe.

Prices.

Credit--Europe.

Credit.

Europe--Economic conditions--1945-.

Europe.

Europe--Economic conditions--Statistics.

Physical Description:

1 online resource (97 p.)

Other Title:

Europe, dealing with shocks

Regional economic outlook. Europe October 2008

Place of Publication:

Washington, D.C. : International Monetary Fund, 2008.

Language Note:

English

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.

Contents:

Cover; Contents; Executive Summary; 1. Outlook: Dealing with Shocks; Advanced Economies; Figures; 1. Key Short-Term Indicators; Boxes; 1. How Strong Is the Euro?; 2. Europe and the United States: Real GDP Growth, 2001-09; Tables; 1. European Countries: Real GDP Growth and CPI Inflation, 2006-09; 3. Estimating Shifts in the Global Price of Risk, 2007-08; 4. Spreads of Three-Month Interbank Rates over Expected Policy Rates, 2007-08; 5. Changes in Credit Standards for Loans and Lending to Enterprises, 2005-08; 2. European Countries: External and Fiscal Balances, 2006-09; Emerging Economies

6. Growth in Emerging Europe, 2004-092. The Baltics: Harder Times Ahead; 7. Inflation in Emerging Europe, 2004-09; 8. Emerging Europe: Annual Inflation Excluding Energy, Food, Alcohol, and Tobacco; 9. Sovereign Spreads, July 25, 2007-September 16, 2008; 10. Emerging Europe EMBI+, January 2007-September 2008; 3. Russia: Dealing with Surging Commodity Exports; 2. Europe: Coping with High Commodity Prices; Commodity Price Boom: Causes and Prospects; 11. Metals, Food, and Oil Prices in Real Terms, 1960:Q1-2008:Q2

12. Advanced and Emerging Europe: Contribution of Food and Fuel Price Increases to Headline InflationEffect of Commodity Price Increases on Inflation in the Advanced Economies; 13. Contributors to Price Increases of Major Foods; 14. Headline and Core Inflation, January 2004-August 2008; Effect of Commodity Price Increases on Inflation in the Emerging Economies; 15. Inflation Expectations in the Euro Area and the United Kingdom, 2001-08; 16. Labor Costs in the Euro Area, 2000:Q4-2008:Q2; 4. Pass-Through of Commodity Price Shocks to Inflation in Some Advanced European Economies

5. Inflation Outlook in the Euro Area3. Response of Domestic Food and Energy Inflation to International Commodity Price Inflation Shocks; 17. Core Inflation; 18. Inflation Expectations 12 Months Ahead, 2005-08; Policy Responses; 4. Response of Core Inflation to Shocks to Domestic Food and Energy Price Inflation; 5. Emerging and Developing Europe: Policy Responses to Inflation Pressures; 19. Changes in Unit Labor Costs, 2005-07; 6. The Effects of Cutting Taxes on Gasoline; 20. Wage Resistance and a Policy Error; Policy Conclusions; 7. Impact of High Oil Prices on Potential Output in Europe

8. Does the Driver of the Energy Imbalance Matter?3. The European Credit Cycle: Diverging Patterns; Overview; Vulnerability to Changes in Financial Conditions; 9. European Securitization and the Possible Revival of Financial Innovation; Borrowing against Collateral: How Do Financial Cycles Get Amplified?; 21. Flow of Borrowing in Selected EU Countries: Corporate and Household Sectors, 2002-06; 22. Corporate and Household Debt in Selected EU Countries, 2002-06; 23. Average Changes in Asset Prices, 2002-06; 24. Borrowing against Collateral in the Mortgage Market, 2002-06

10. Institutional Features of Mortgage Markets in Europe

Notes:

"Dealing with shocks."

Includes bibliographical references (p. 83-86).

Description based on print version record.

ISBN:

9786613847850

9781462349197

1462349196

9781452775197

1452775192

9781283535403

1283535408

9781452759081

1452759081

OCLC:

870245449