Monetary Policy Cyclicality in Emerging Markets

Author:Donal McGettigan, Kenji Moriyama, and Chad Steinberg
Pages:1-10
SUMMARY

Does monetary policy help smooth or amplify economic cycles? In most advanced markets monetary policy helps smooth cycles. However, for emerging markets, procyclical monetary policy has been a problem, with macroeconomic policies amplifying economic upswings and deepening downturns. This article summarizes research in this area, focusing on monetary policy. Key findings in the research include: (i... (see full summary)


    • This document is available in original version only for vLex customers

      View this document and try vLex for 7 days
    • TRY VLEX