The effects of OECD macroeconomic policies on non-oil developing countries are analyzed by examining the well-known theoretical channels of interdependence and some of the available empirical evidence. The current concern with international linkages-which is attributed to the debt crisis of the late 1970s-has a short-term orientation. The interesting question today, it is argued, is whether external growth, through the different cyclical channels...
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1986/01/31
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Documento de trabalho sobre o pessoal
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SWP793
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1
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1
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2010/07/01
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The effects of OECD macroeconomic policies on non-oil developing countries : a review
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terms of trade
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