The G-20 Framework For Strong, Sustainable And Balanced Growth: Macroeconomic Coordination Since The Crisis.pdf

boc-review-winter-12-13-lavigne.pdf
Preview of The G-20 Framework for Strong, Sustainable and Balanced Growth: Macroeconomic Coordination Since the Crisis
🔗 Source: bankofcanada.ca
📊 Size: 214 KB
👤 Author: Robert Lavigne and Subrata Sarker
⬇️ Downloads: 53

Summary

The G-20 Framework for Strong, Sustainable and Balanced Growth was launched in 2009 to promote macroeconomic policy coordination among the world's largest economies. The framework has achieved some successes, including advanced economies agreeing to fiscal consolidation objectives and a structure for policy coordination. However, progress has been slow in developing credible medium-term fiscal plans and increasing exchange rate flexibility. The framework aims to achieve a strong, sustainable, and balanced global economic recovery by promoting a pickup in demand growth in surplus countries and appropriately paced fiscal consolidation. Despite some successes, the framework faces challenges in augmenting its influence over G-20 policies, including enhancing analysis of international policy spillovers and strengthening the peer-review process.

Description

The G-20 Framework for Strong, Sustainable and Balanced Growth was launched in 2009 to promote macroeconomic policy coordination among the world's largest...

Technical Information

  • File Format: PDF
  • File Size: 214 KB
  • Pages: 12
  • Language: EN
  • Author: Robert Lavigne and Subrata Sarker
  • Total Downloads: 53
  • Last Updated: 2 months ago

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