01951cas a2200265 a 4500 AALejournalIMF000827 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845334 1018-5941 BD-DhAAL BD-DhAAL McDermott, C. Macroeconomic Fluctuations in Developing Countries : Some Stylized Facts / C. McDermott, Eswar Prasad, Pierre-Richard Agenor. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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). Mode of access: Internet Agenor, Pierre-Richard. Prasad, Eswar. IMF Working Papers; Working Paper ; No. 1999/035 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/035/001.1999.issue-035-en.xml IMF e-Library