Is good macroeconomics management important for growth?

Article Abstract:

A study, which examined the correlation between macroeconomic stability and growth in developing countries, showed that quality macroeconomic management enhanced economic growth. It also showed that differences in per capita income rate of developing countries were a product of poor macroeconomic management. The study used variables, such as fiscal balance, monetary growth, average interest rate, real exchange rate and external indebtedness, to measure the level of macroeconomic performance.

Developing countries, Fiscal policy

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Monetary policy games and international migration of labor in interdependent economies

Article Abstract:

A monetary policy game implemented by governments under unionized interdependent economies was asssessed by taking into consideration the existence of international migration. Integration of international migration into a monetary policy game revealed the desirability of inter-government cooperation in the monetary sector. In the context of European economies, efforts to promote international migration create positive effects on the European labor markets and monetary policy cooperation.

Emigration and immigration

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Was monetary policy impotent or simply contracyclical in the 1980s?

Article Abstract:

The implementation of contracyclical monetary policy proved to be effective in stabilizing the economy from 1983 to 1993. The policy's contracyclical characteristic has resulted in the appreciation of money growth variablity in the face of a stabilized economy. Its aggressive implementation during 1980s has lead to a dramatic decline in the relationship between output growth and money growth.

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