Cover Designing Monetary and Fiscal Policy in Low-Income Countries
Designing Monetary and Fiscal Policy in Low-Income Countries
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Abstract

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 as well as 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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Author:
Mr. Jan Kees Martijn
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,
Gabriel Di Bella https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Shamsuddin Tareq
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Mr. Benedict J. Clements
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Mr. Abebe Aemro Selassie
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
19 Jul 2006
DOI:
https://doi.org/10.5089/9781589064966.084
ISBN:
9781589064966
ISSN:
0251-6365
Pages:
58
Keywords:
OP; debt; deficit; The PRGF; debt sustainability consideration; economic growth rate; public expenditure management systems; IMF-World Bank cooperation; double-digit inflation; stabilization country; Inflation; Monetary base; Global
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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