CALL FOR PAPERS
on “Fiscal and Monetary Policies in Developing Economies for Navigating Fragmentation Risks” 

Emerging and developing economies are increasingly exposed to fragmentation risks—from global trade and geopolitical tensions, supply chain disruptions, and financial decoupling. As these risks can threaten macroeconomic stability, fiscal and monetary policies must adapt to not only stabilize economies but also to promote resilient and sustainable growth and development. In particular, conventional policy frameworks may be less effective in an era of sustained and heightened uncertainty, where shocks are more frequent and global in scope. This calls for a re-examination of existing fiscal and monetary policies design, coordination, and transmission mechanisms amid increased fragmentation risks. 

The Asian Development Bank (ADB) and ASEAN+3 Macroeconomic Research Office (AMRO) are seeking original, unpublished papers that explore innovative approaches and evidence-based strategies that can enhance the effectiveness of fiscal and monetary frameworks amid elevated fragmentation risks.

Paper topics of interest include, but are not limited to: 

• Monetary and fiscal policy coordination in fragmented global environments 
• Fiscal space and debt sustainability under fragmentation 
• Fiscal and monetary policy in developing and emerging markets  
• Global shocks and emerging market resilience 
• Trade policy uncertainty spillovers in developing economies 
• Fiscal and monetary policy spillovers amid elevated uncertainty 
• Monetary policy frameworks and geoeconomic fragmentation 
• Monetary policy transmission, capital flow volatility, and financial fragmentation 
• Monetary and fiscal policy, financial fragmentation, and financial stability 
• Fragmentation shocks and the effectiveness of countercyclical policies in emerging markets 
• Fiscal and monetary policies for promoting inclusive growth under fragmentation 
• Comparative analysis of the performance of alternative monetary and fiscal policy regimes and rules  
• Role of fiscal and monetary policy in mitigating fragmentation shocks  
• Debt sustainability and policy trade-offs in emerging economies in fragmented markets