World Economic Outlook, April 2008 : Housing and the Business Cycle

World Economic Outlook, April 2008 : Housing and the Business Cycle
Get Code Buy
Book
Share
Series:
World Economic Outlook
Author(s):
International Monetary Fund. Research Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
April 2008
DOI:
http://dx.doi.org/10.5089/9781589067196.081
ISBN:
9781589067196
ISSN:
0256-6877
Page:
300
The global expansion is losing speed in the face of a major financial crisis. The slowdown has been greatest in the advanced economies, particularly in the United States, where the housing market correction continues to exacerbate financial stress. The emerging and developing economies have so far been less affected by fi nancial market developments and have continued to grow at a rapid pace, led by China and India, although activity is beginning to slow in some countries. At the same time, headline infl ation has increased around the world, boosted by the continuing buoyancy of food and energy prices. Policymakers around the world are facing a diverse and fast-moving set of challenges, and although each country's circumstances differ, in an increasingly multipolar world it will be essential to meet these challenges broadly, taking full account of cross-border interactions. The World Economic Outlook (WEO) presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF's global surveillance activities.
Chapter

Chapter 4. CLIMATE CHANGE AND THE GLOBAL ECONOMY

Author(s):
International Monetary Fund. Research Dept.
Published Date:
April 2008
    Share
    • ShareShare

    Related Material

    ENG JULY UPDATE 2008
    JPN JULY UPDATE 2008
    Show Summary Details

    This chapter uses a global dynamic model to examine the macroeconomic and financial consequences of policies to address climate change. Although these consequences can be rapid and wide-ranging, this chapter finds that the overall costs of mitigation could be minimized if policies are well designed and accepted by a broad group of countries.

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication

      look up citations for this publication in google scholar