全球智库信息集成服务系统(G2TT): DP11065 Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP11065
	DP11065 Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?
	M. Ayhan Kose; Tatiana Didier; Franziska Ohnsorge; Lei (Sandy) Ye
发表日期	2016-01-24
出版年	2016
语种	英语
摘要	Emerging markets (EM) face their fifth consecutive year of slowing growth and a possibly longer period of sluggish performance than previously thought. This paper presents a comprehensive analysis of the nature of and the appropriate policy responses to the growth slowdown in EM. It reports three main results. First, the slowdown is synchronous and protracted, affecting a sizable number of EM, especially large ones. Second, it has been driven by both external factors, including weak world trade, low commodity prices, and tightening financial conditions; and domestic factors, including slowdown in productivity growth, bouts of policy uncertainty, and an erosion of policy buffers. Both structural and cyclical factors have contributed to the slowdown. Third, the room for accommodative cyclical fiscal and monetary policies is limited in many EM, lending urgency to putting in place structural reforms to upgrade governance structures, improve business environments, raise human and physical capital, and manage demographic pressures.
主题	International Macroeconomics and Finance
关键词	Emerging markets Growth slowdown Policy space Fiscal policy Structural reforms monetary policy
URL	https://cepr.org/publications/dp11065
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/539894
推荐引用方式 GB/T 7714	M. Ayhan Kose,Tatiana Didier,Franziska Ohnsorge,et al. DP11065 Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?. 2016.