POST-CRASH INDICATORS |
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| Authors: | Geoffrey Dicks |
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| Abstract: | The stock market crash has inevitably awakened fears that the world economy may be on the brink of recession. We examine the movement in output pre- crash and the evidence which is so fat available for the fourth quarter. The response of policy makers is also considered. We conclude that, ahead of the crash, output was rising strongly and that there are no signs yet of a slowdown. In the US consumer confidence has been dented, but elsewhere easier fiscal and monetary policy may fully compensate for the crash |
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