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Macroeconomic fluctuations in developing countries : some stylized facts (Английский)

This paper documents the main stylized features of macroeconomic fluctuations and business cycle regularities for a group of 12 developing countries. Cross-correlations between domestic industrial output and a large group of macroeconomic time series (including government revenue and expenditure, wages, inflation, money, velocity, private sector credit, international trade, and exchange rates) are presented. The effects of industrial country economic...
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