Author
Varlik, Cemil
Subject
Budgeting, Business, Capital flow, Developing countries, Fiscal policy, Monetary policy, Policy making, Social sciences, Turkey
Type
Periodical
Language
Turkish
Digital
Yes
Manuscript
No
Library
University of Washington
Library Asset ID
ISSN: 1309-8012, EISSN: 1309-8012
Record ID
cdi_proquest_miscellaneous_1355849653
Library Location
Check availability & request options
Date
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.147-177
Notes
Sudden stops in capital flows have caused significant output losses in developing countries. Policies to prevent sudden stops and policy responses to them contain measures both at the national and the international level. A controversial debate has been maintained about the question of whether monetary and fiscal policy should be tightened or loosened during a sudden stop. Many empirical studies show that expansionary monetary and fiscal policies may reduce output losses at the time of a sudden stop. But the existence of a relatively strong macroeconomic fundamentals is a precondition to pursue an expansionary policy. Thus, there is no good substitute for improving domestic macroeconomic fundamentals during the boom periods. However, in the face of sudden stops, countries with weaker fundamentals may also alleviate negative effects of sudden stops by appropriate policy measures and/or international supports.
Sample Text
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.147-177
