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Mexico : Selected Issues Paper

Author: Kornélia Krajnyák; Kristin Magnusson; Jose Giancarlo Gasha; Geremia Palomba; International Monetary Fund,
Publisher: Washington, D.C. : International Monetary Fund, [2010] ©2010
Series: IMF country report, no. 10/70.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
1. Financial crises tend to lead to some permanent output loss by slowing not only actual but also potential growth. The range of the estimated permanent effects is large-at the high end, Cerra and Saxena (2008) suggest 4 to 16 percent loss in medium-term potential output, while others estimate smaller losses, with Furceri and Mourougane (2009) suggesting some 1 1/2 to 4 percent, and the European Commission (2009) 3  Read more...
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Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Mexico.
Washington, D.C. : International Monetary Fund, ©2010
(OCoLC)652531350
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Kornélia Krajnyák; Kristin Magnusson; Jose Giancarlo Gasha; Geremia Palomba; International Monetary Fund,
ISBN: 1283560305 9781283560306
OCLC Number: 830720519
Notes: "March 2010."
Description: 1 online resource (45 pages) : color illustrations.
Contents: The Global Crisis and Potential Growth in Mexico --
Labor Market Informality and Macroeconomic Performance --
Reforming the Fiscal Framework : Budget Rules and Fiscal Risks --
Expanding the Regulatory Perimeter : the Case of Sofoles and Sofomes.
Series Title: IMF country report, no. 10/70.
Other Titles: Mexico, Selected Issues
Responsibility: prepared by Kornelia Krajnyak and Kristin Magnusson (WHD), Jose Giancarlo Gasha (MCM), and Geremia Palomba (FAD).

Abstract:

1. Financial crises tend to lead to some permanent output loss by slowing not only actual but also potential growth. The range of the estimated permanent effects is large-at the high end, Cerra and Saxena (2008) suggest 4 to 16 percent loss in medium-term potential output, while others estimate smaller losses, with Furceri and Mourougane (2009) suggesting some 1 1/2 to 4 percent, and the European Commission (2009) 3 to 5 percent.

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