Toit, Leon du - Department of Economics, Fakulteit Ekonomiese en … - 2009
for stabilisation policy. Both short- and long-run output dynamics are shaped by the multidimensional exposure of EMEs to … stabilisation policy has sometimes been successful in dampening short-run output fluctuations. However, even when stabilisation has … stabilisation policy to a very small extent. These crisis-related supply shocks, in turn, have large negative effects on potential …