Author(s): Elena Erro
Emerging economies face numerous challenges, including inflation, exchange rate volatility, unemployment, and external shocks. Macroeconomic policies—comprising monetary, fiscal, and trade policies—play a crucial role in stabilizing these economies by fostering economic growth, maintaining price stability, and ensuring sustainable development. This article explores the significance of macroeconomic policies in emerging markets, their impact on economic stability, and the strategies used to address financial crises. By analyzing real-world examples, we highlight the effectiveness of different policy approaches and discuss the importance of institutional frameworks in ensuring long-term economic resilience.