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The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...
Persistent link: https://www.econbiz.de/10011754881
The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...
Persistent link: https://www.econbiz.de/10012455214
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Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well … 2009 global recession highlights once again the critical role of policy room in shielding economic activity during adverse …
Persistent link: https://www.econbiz.de/10012229095
countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth … subsequently slowed to a sluggish pace by pre-recession standards, and many emerging market and developing economies (EMDEs) have … been struggling to unwind their fiscal stimulus and contain a buildup of debt. The experience of the global recession in …
Persistent link: https://www.econbiz.de/10012257017
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well … 2009 global recession highlights once again the critical role of policy room in shielding economic activity during adverse …
Persistent link: https://www.econbiz.de/10012175348
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