Prosperia: Journal of Economic Development, Accounting, and Global Markets
Vol. 1 No. 1 (2026): February: Prosperia: Journal of Economic Development, Accounting, and Global Ma

National Economic Resilience in the Face of Global Crises: A Policy Analysis Based on IMF and World Bank Reports

Fadli Agus Triansyah (Universitas Negeri Medan)
Karyono Karyono (Universitas Pelita Bangsa)



Article Info

Publish Date
01 Feb 2026

Abstract

This study examines the determinants of national economic resilience in the context of recurrent global crises through an empirical cross-country panel analysis integrating macroeconomic indicators and systematic policy text evaluation. Using data from IMF and World Bank databases covering 2005–2024, the research constructs a composite resilience index based on output volatility, recovery speed, fiscal adjustment, and financial stability metrics. A policy alignment index derived from structured content analysis of Article IV consultations and flagship reports captures the degree of coherence between multilateral recommendations and national policy orientations. Panel regression models, instrumental variable techniques, and dynamic system GMM estimations are employed to address endogeneity and persistence effects. The findings indicate that fiscal space, governance quality, financial depth, and digitalization significantly enhance resilience outcomes, while stronger alignment with multilateral policy guidance is associated with faster recovery and reduced macroeconomic instability. The results contribute to the literature on economic resilience by empirically linking institutional policy coordination with measurable stabilization performance, offering evidence-based insights for strengthening adaptive macro-financial governance frameworks in an era of systemic uncertainty.

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Journal Info

Abbrev

prosperia

Publisher

Subject

Description

Prosperia: Journal of Economic Development, Accounting, and Global Markets is a peer-reviewed academic journal dedicated to publishing high-quality scholarly works in the fields of economics, accounting, finance, and global market studies. The journal provides an international platform for ...