Discussion Paper

The Long Road to Countercyclical Monetary Policy in Emerging Market Economies


Abstract: During the global financial crisis (GFC) of 2008-09, central banks in both advanced and emerging market economies (EMEs) lowered policy rates to cushion the adverse shock and to spur economic activity.

https://doi.org/10.17016/2573-2129.02

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: IFDP Notes

Publication Date: 2013-12-03

Number: 2013-12-03-1

Order Number: 2013-12-03-1