Macroeconomic Policy in Fragile States Chami Ralph
Macroeconomic Policy in Fragile States Chami Ralph Setting macroeconomic policy is especially difficult in fragile states. In addition, fragility expands the range of policy objectives in ways that…
Specifikacia Macroeconomic Policy in Fragile States Chami Ralph
Macroeconomic Policy in Fragile States Chami Ralph
Setting macroeconomic policy is especially difficult in fragile states. In addition, fragility expands the range of policy objectives in ways that may constrain the attainment of standard macroeconomic objectives. Political legitimacy concerns are heightened, raising issues such as who the policymakers are, what incentives they face, and how the process of policymaking is likely to work under limited legitimacy and high uncertainty both about the macroeconomic environment as well as policy effectiveness.
Socio-political developments around the world have thus pushed policymakers to broaden their toolkit to improve the effectiveness of Specifically, in the context of fragility policymakers also need to focus on measures to mitigate fragility itself - i.e., they need to address issues such as regional and ethnic economic disparities, youth unemployment, and food price inflation.
Theory of Macroeconomic Policy