Designing monetary and fiscal policy in low-income countries

Author(s)

    • Selassie, Abebe Aemro
    • Clements, Benedict
    • Tareq, Shamsuddin
    • Di Bella, Gabriel

Bibliographic Information

Designing monetary and fiscal policy in low-income countries

Abebe Aemro Selassie ... [et al.]

(Occasional paper / International Monetary Fund, no. 250)

International Monetary Fund, 2006

Available at  / 21 libraries

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Note

Includes bibliographical references (p. 46-47)

Other authors: Benedict Clements, Shamsuddin Tareq, Jan Kees Martijn, Gabriel Di Bella

Description and Table of Contents

Description

Macroeconomic outcomes in low-income countries (LICs) have improved markedly in recent years, but important questions remain regarding possible adjustments in the design of IMF-supported programs in such countries.This paper draws on a review of the literature and the experience of 15 LICs that have attained some degree of macroeconomic stability to discuss, for example, the appropriate target range for inflation in shock-prone LICs; whether countries should use fiscal space to cut excessive tax burdens, reduce high debt levels, or raise public spending; and how the effectiveness of public expenditures can be improved.

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