Yazar
Varlik, Cemil
Konu
Budgeting, Business, Capital flow, Developing countries, Fiscal policy, Monetary policy, Policy making, Social sciences, Turkey
Tür
Süreli Yayın
Dil
Türkçe
Dijital
Evet
Yazma
Hayır
Kütüphane
Washington Üniversitesi
Demirbaş Numarası
ISSN: 1309-8012, EISSN: 1309-8012
Kayıt Numarası
cdi_proquest_miscellaneous_1355849653
Lokasyon
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Tarih
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.147-177
Notlar
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.
Örnek Metin
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.147-177
