Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...

This article investigates the effects of macroeconomic policy (monetary and fiscal) on output growth during financial crises characterized by a sudden stopʺ in net capital inflows in developing and emerging market economies. We investigate 83 sudden stop crises in 77 countries over 1982-2003...

The starters -- Development strategy: the fountainhead of macroeconomic policies -- Fiscal policy: no longer the big brother -- Monetary policy: the black box of complexities -- Exchange rate and openness: the world is one! -- Financial stability: a belated recognition of the "core" -- The desserts

The starters -- Development strategy: the fountainhead of macroeconomic policies -- Fiscal policy: no longer the big brother -- Monetary policy: the black box of complexities -- Exchange rate and openness: the world is one! -- Financial stability: a belated recognition of the "core" -- The desserts