renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …

countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth … subsequently slowed to a sluggish pace by pre-recession standards, and many emerging market and developing economies (EMDEs) have … been struggling to unwind their fiscal stimulus and contain a buildup of debt. The experience of the global recession in …

half of the year amid the covid-19 pandemic. Currently, the recovery is being slowed down by another wave of infections and … is likely to decline again in the fourth quarter, output should continue to rise in most of the rest of the world, with … global growth from September by 0.2 percentage points for 2020 and by 0.6 percentage points for 2021. We now expect world …

) model. We report three main results. First, the decline in global inflation during the 2020 global recession was the most … risk becoming unanchored, EMDE central banks may be compelled to tighten monetary policy before the recovery is fully …

structural polices for an older, indebted and more fragmented world. …, the Global Financial Crisis, the euro area sovereign crisis, the COVID recession, the Russian invasion of Ukraine, up …