European Parliament Library

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

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
Table Of 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
Literary Form
non fiction
"Dealing with shocks."
Physical Description
1 online resource (97 p.)
Specific Material Designation
Form Of Item

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