Designing Monetary and Fiscal Policy in Low-Income Countries

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Author/Editor: Jan Kees Martijn, Gabriel Di Bella, Shamsuddin Tareq, Benedict J Clements, Abebe Aemro Selassie
Release Date: © July, 2006
ISBN : 978-1-58906-496-6
Stock #: S250EA
Stock Status: Available

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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.


Economic policy , Fiscal policy , Monetary policy

More publications in this series: Occasional Papers

More publications by: Jan Kees Martijn ; Gabriel Di Bella ; Shamsuddin Tareq ; Benedict J Clements ; Abebe Aemro Selassie