Author:Degol Hailu, John Weeks
Macroeconomic Policies

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Abstract: "The current global recession reconfirms low-income countries' vulnerability to external shocks. The exposure is a direct result of integration into the world economy. Declines in export earnings, remittances, tourism and capital flows are some of the transmission mechanisms. The developed and middle-income countries have responded with a series of stimulus packages. More to the point, they are able to adopt counter-cyclical policies. Can low-income economies do the same?" (…)

keywords: Low-Income, Countries, Adopt, Counter-Cyclical, Policies
Date Publication: 12/06/2016 - 08:07
Type/Issue: One Pager / 92
ISSN: 2318-9118
Language: Arabic