Resilience by Design: What Role Can Policy Frameworks Play in the Middle East and Central Asia?

2026

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This paper examines how robust monetary and fiscal policy frameworks can enhance the resilience of Middle East and Central Asia economies to adverse global shocks.

* Analyzes the impact of different exchange rate regimes and fiscal rules on macroeconomic adjustment.
* Utilizes empirical evidence and model-based simulations to assess policy framework effectiveness.
* Highlights the benefits of credible inflation targeting with flexible exchange rates and strong fiscal rules for mitigating economic downturns.

Tags: Resilience, Policy Frameworks, Middle East, Central Asia, Macroeconomic Adjustment

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