01770cas a2200241 a 4500 AALejournalIMF020463 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498344487 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. 2015 Spillover Report. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (30 pages) Policy 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 Many countries around the globe, particularly the systemic advanced economies, face the challenge of closing output gaps and raising potential output growth. Addressing these challenges requires a package of macroeconomic, financial and structural policies that will boost both aggregate demand and aggregate supply, while closing the shortfall between demand and supply. Each element of this package is important and one cannot substitute for the other: easy monetary policy will not raise potential output just as structural reforms will not close the output gap. This report studies the impact on emerging markets and nonsystemic advanced economies from monetary policy actions in systemic advanced economies, with a look also at knock-on effects from the decline in world oil prices. Mode of access: Internet Policy Papers; Policy Paper ; No. 2015/043 Full text available on IMF http://elibrary.imf.org/view/journals/007/2015/043/007.2015.issue-043-en.xml IMF e-Library