Author/Editor: Donal McGettigan, Kenji Moriyama, Jean F Noah Ndela Ntsama, Francois Painchaud, Haonan Qu, Chad Steinberg.

Release Date:May, 2013

In contrast to advanced markets (AMs), procyclical monetary policy has been a problem for emerging markets (EMs), with macroeconomic policies amplifying economic upswings and deepening downturns. The more...