Advanced Search
MyIDEAS: Login to save this article or follow this journal

Enterprise performance and macroeconomic control


Author Info


    (University of Cambridge)

  • R. LAGO

    (European Bank for Reconstruction and Development, London)

  • N. STERN

    (European Bank for Reconstruction and Development, London)


The work argues that poor macroeconomic control is an important cause of poor enterprise performance. The authors review the empirical evidence on the relationship between macroeconomic stability and the performance of the real economy both at the aggregate and the project levels, before presenting a cursory review of the theoretical links. The importance of implementing microeconomic and structural reforms alongside the establishment of macroeconomic stability is also dealt with. The authors conclude with suggestions for policy makers regarding the priorities in the development of the institutions required to achieve and preserve a stable macroeconomic framework.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Article provided by Banca Nazionale del Lavoro in its journal Banca Nazionale del Lavoro Quarterly Review.

Volume (Year): 50 (1997)
Issue (Month): 200 ()
Pages: 3-22

as in new window
Handle: RePEc:psl:bnlqrr:1997:11

Contact details of provider:
Web page:

Order Information:

Related research

Keywords: Macroeconomic control; macroeconomic stability; enterprise performance;

Other versions of this item:

Find related papers by JEL classification:


No references listed on IDEAS
You can help add them by filling out this form.



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:psl:bnlqrr:1997:11. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlo D'Ippoliti).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.