| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14405 |
| DP14405 Emerging and Developing Economies: Ten Years After the Global Recession | |
| M. Ayhan Kose; Franziska Ohnsorge | |
| 发表日期 | 2020-02-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to shocks has eroded; underlying growth potential has slowed; and the momentum for improving policy frameworks, institutions, and business climates seems to have slackened. The experience of the 2009 global recession highlights once again the critical role of policy room in shielding economic activity during adverse shocks. The subsequent decade of anemic growth underlines the need for sound policy frameworks, institutions, and business environments to promote sustained growth. With the global growth outlook weakening and vulnerabilities rising, the policy priority for EMDEs is now to improve resilience to shocks and to lift long-term growth prospects. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Economic integration International business cycles Financial crises Macroeconomic policy |
| URL | https://cepr.org/publications/dp14405-0 |
| 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/543299 |
| 推荐引用方式 GB/T 7714 | M. Ayhan Kose,Franziska Ohnsorge. DP14405 Emerging and Developing Economies: Ten Years After the Global Recession. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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