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.
Latest Related Research
Trends in a transition economy: Kazakhstan’s monetary policy after independence
After the collapse of the Soviet Union, former socialist countries entered a phase of economic reforms, coupled with intensive social transformations. During this period, they faced the daunting challenges...
Exchange rate and foreign exchange reserve policies
This paper considers developing country exchange rate and foreign exchange reserve policies. It offers criticism of the conventional approach and argues in favour of a non-conventional policy as optimal...
Experts on topic
