In this paper we discuss fiscal and monetary policy issues facing heavily-indebted poor countries (HIPCs) who receive … to which the initiative provides significant debt relief; (ii) depending on the response of monetary policy to an …

celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey …

land policy helped stabilize the national government's financial position and put the U.S. on a sound credit footing by the …

economics and reality. More precisely, it asks how reality in the form empirical evidence does or does not influence economic … from general to specific. For the general perspective, I examine the following four points of view. First, economics is a … science. Second, economics is an art. Third, economics is a competition. Forth, economics politics. I then examine four …

, fiscal policy, and monetary policy. First, net capital inflows are procyclical (i.e., external borrowing increases in good … times and falls in bad times) in most OECD and developing countries. Second, fiscal policy is procyclical (i.e., government …, monetary policy appears to be procyclical (i.e., policy rates are lowered in good times and raised in bad times). Fourth, in …

We lay out a tractable model for fiscal and monetary policy analysis in a currency union, and analyze its implications … for the optimal design of such policies. Monetary policy is conducted by a common central bank, which sets the interest … rate for the union as a whole. Fiscal policy is implemented at the country level, through the choice of government spending …