Business Cycles and Macroeconomic Policy in Emerging Market Economies

Philip Lane

Economic Papers from Trinity College Dublin, Economics Department

Abstract: This paper argues that significant structural differences exist between industrial and emerging market economies. Cyclical fluctuations have been more extreme for the latter group and exacerbated by inappropriately procyclical macroeconomic policies. However, we argue that effective stabilisation policies remain feasible for the emerging market economies, so long as these invest in developing a robust domestic institutional infrastructure.

Date: 2003
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Journal Article: Business Cycles and Macroeconomic Policy in Emerging Market Economies (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:tcd:tcduee:20032

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