Designing monetary and fiscal policy in low-income countries
Author(s)
Bibliographic Information
Designing monetary and fiscal policy in low-income countries
(Occasional paper / International Monetary Fund, no. 250)
International Monetary Fund, 2006
Available at / 21 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
332.042-130-250081200600149
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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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