Countercyclical Policies in Emerging Markets

7 Pages Posted: 13 Sep 2012

See all articles by Előd Takáts

Előd Takáts

Bank for International Settlements (BIS)

Date Written: June 4, 2012

Abstract

Emerging market economies (EMEs) have historically faced challenges in implementing countercyclical policies. However, the policy environment has changed. This paper finds evidence that EMEs were able to conduct countercyclical monetary and fiscal policies over the past decade. Indeed, the EMEs that have leaned more heavily against the business cycle have generally used both monetary and fiscal tools to do so.

Keywords: countercyclical monetary and fiscal policies, Taylor rule, emerging markets

JEL Classification: E30, E43, E63.

Suggested Citation

Takáts, Előd, Countercyclical Policies in Emerging Markets (June 4, 2012). BIS Quarterly Review, June 2012, Available at SSRN: https://ssrn.com/abstract=2100442

Előd Takáts (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
140
Abstract Views
818
Rank
372,809
PlumX Metrics