Economic Resilience: What Role for Policies?

Aida Caldera Sánchez (), Morten Rasmussen () and Oliver Röhn ()
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Aida Caldera Sánchez: Economics Department of the OECD, 2, rue André Pascal 75775 Paris Cedex 16, France
Morten Rasmussen: #x2020;Danmarks National Bank, Havnegade 5, 1093 København K, Denmark

Journal of International Commerce, Economics and Policy (JICEP), 2016, vol. 07, issue 02, 1-44

Abstract: The global financial crisis highlighted the importance of strengthening the resilience of our economies to adverse shocks. In this paper, we take stock of studies carried out primarily within, but also outside the OECD, to better understand the role of macroeconomic and structural policies in spurring or mitigating the vulnerabilities that can lead to costly shocks, as well as the role of policies in mitigating the shock impact and speeding the recovery. Then we offer tentative insights on how policies can be geared to address vulnerabilities early on, mitigate the impact of shocks and speed recoveries, as well as highlight possible trade-offs that exist across policy areas.

Keywords: Resilience; vulnerabilities; imbalances; severe recessions; crises (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Working Paper: Economic resilience: what role for policies? (2015)
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DOI: 10.1142/S1793993316500095

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