Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets
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Developing countries have typically pursued procyclical macroeconomic policies, which tend to amplify the underlying business cycle (the "when-it-rains-it-pours" phenomenon). There is, however, evidence to suggest that about a third of developing countries have shifted from procyclical to
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美国国家经济研究局创建时间：
2012-06-01
