Le 22 sept. 2025
How does monetary policy shape economic activity in developing countries?
Published on September 22, 2025 – Updated on September 22, 2025
VoxEu column
By Djeneba Dramé (Researcher, University of Paris Nanterre) and Florian Léon (Researcher Officer, Ferdi; Research Fellow, CERDI).
How does monetary policy transmit through developing economies? New evidence shows that firms do react to both monetary policy contraction and expansion, but not symmetrically.
Monetary policy is a cornerstone of economic management, yet its effectiveness in developing countries remains a subject of intense debate. Why does it seem to work in some contexts but not others?
Continue reading (Site VoxEu - CEPR)
How does monetary policy transmit through developing economies? New evidence shows that firms do react to both monetary policy contraction and expansion, but not symmetrically.
Monetary policy is a cornerstone of economic management, yet its effectiveness in developing countries remains a subject of intense debate. Why does it seem to work in some contexts but not others?
Continue reading (Site VoxEu - CEPR)
Read also
Dramé, Djeneba, and Florian Léon. “Do Firms React to Monetary Policy in Developing Countries?” European Economic Review 178 (September 2025): 105102. https://doi.org/10.1016/j.euroecorev.2025.105102.