In the years prior to the Global Financial Crisis, after the advanced economies achieved price stability targets most of the central banks would meet periodically and make decisions regarding the monetary interest rate, taking care to maintain inflation within the target range. Some also took...

The global financial crisis poses significant challenges to fiscal policies in Sub-Saharan African countries. Growth will weaken considerably as export prices and volumes, remittances, tourism, and capital flows decline. The fiscal effects of the crisis are likely to be large and to operate...