The idea of this project is to analyse what kind of macroeconomic policy is most conducive to growth in developing countries and to investigate whether particular fiscal, monetary, and exchange-rate policies have similar effects in developed and developing countries or whether these effects are country specific.The project investigates whether insufficient government spending can lead to a collapse of output, whether independent central banks and low-inflation policies restrict growth, whether flexible monetary policy assists shock response, and whether exchange-rate undervaluation promotes export-oriented growth.
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