Macroeconomic Fluctuations in Developing Countries : Some Stylized Facts /

This paper documents the main stylized features of macroeconomic fluctuations for 12 developing countries. Cross-correlations between domestic industrial output and a large group of macroeconomic variables (including fiscal variables, wages, inflation, money, credit, trade, and exchange rates) are p...

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Détails bibliographiques
Auteur principal: McDermott, C.
Autres auteurs: Agenor, Pierre-Richard, Prasad, Eswar
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1999.
Collection:IMF Working Papers; Working Paper ; No. 1999/035
Accès en ligne:Full text available on IMF
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100 1 |a McDermott, C. 
245 1 0 |a Macroeconomic Fluctuations in Developing Countries :   |b Some Stylized Facts /  |c C. McDermott, Eswar Prasad, Pierre-Richard Agenor. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1999. 
300 |a 1 online resource (45 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper documents the main stylized features of macroeconomic fluctuations for 12 developing countries. Cross-correlations between domestic industrial output and a large group of macroeconomic variables (including fiscal variables, wages, inflation, money, credit, trade, and exchange rates) are presented. Also analyzed are the effects of industrial country economic conditions on output fluctuations in these countries. The robustness of the results is examined using different detrending procedures. The results indicate many similarities between macroeconomic fluctuations in developing and industrial countries (procyclical real wages; countercyclical variation in government expenditure) and some important differences (countercyclical variation in the velocity of monetary aggregates). 
538 |a Mode of access: Internet 
700 1 |a Agenor, Pierre-Richard. 
700 1 |a Prasad, Eswar. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/035 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1999/035/001.1999.issue-035-en.xml  |z IMF e-Library