02102cas a2200265 a 4500 AALejournalIMF019171 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498305426 1018-5941 BD-DhAAL BD-DhAAL Chen, Wenjie. The Global Economic Recovery 10 Years After the 2008 Financial Crisis / Wenjie Chen, Mico Mrkaic, Malhar Nabar. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses registered, accompanied by long-lasting capital and total factor productivity shortfalls relative to precrisis trends. Policy choices preceding the crisis and in its immediate aftermath influenced postcrisis variation in output. Underscoring the importance of macroprudential policies and effective supervision, countries with greater financial vulnerabilities in the precrisis years suffered larger output losses after the crisis. Countries with stronger precrisis fiscal positions and those with more flexible exchange rate regimes experienced smaller losses. Unprecedented and exceptional policy actions taken after the crisis helped mitigate countries' postcrisis output losses. Mode of access: Internet Mrkaic, Mico. Nabar, Malhar. IMF Working Papers; Working Paper ; No. 2019/083 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/083/001.2019.issue-083-en.xml IMF e-Library