McGettigan, Donal; Moriyama, Kenji; Ntsama, Jean F Noah … - International Monetary Fund (IMF) - 2013
macroeconomic policies amplifying economic upswings and deepening downturns. The stark difference in policy has not been subject to …In contrast to advanced markets (AMs), procyclical monetary policy has been a problem for emerging markets (EMs), with …, are: (i) EMs have adopted increasingly countercyclical monetary policy over time, although large differences remain among …