BIS researcher examines countercyclical policy in emerging markets


A special feature published in the Bank for International Settlements' Quarterly Review on June 3 examines the empirical evidence of countercyclical monetary and fiscal policy in emerging markets.

Author Előd Takáts used data from a group of emerging market countries to estimate the correlation between monetary and fiscal policies and the business cycle, and assess whether monetary policy is "dominated" by expansionary fiscal policy.

The feature found that countercyclical fiscal and monetary

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: