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Designing Monetary and Fiscal Policy in Low-income Countries (Occasional Paper (Intl Monetary Fund))
Designing Monetary and Fiscal Policy in Lowincome Countries - Occasional Paper Intl Monetary Fund 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 stabilit... more »y 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.« less