Policy Formulation, Analytical Frameworks, and Program Design

Volume/Issue: Volume 2004 Issue 044

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Economics- Macroeconomics , PP , Fund country team , Fund-supported program , growth projection , exchange rate , capital account crisis , current account balance , projection error , sustainability template , fiscal policy , debt ratio , consumer price inflation assumption , Capital account crisis , Current account balance , Fiscal stance , Inflation , Production growth

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Summary

The first part of this paper lays out the process of program design and briefly describes some of the analytical tools--including the financial programming framework, the balance sheet approach, and the debt sustainability template--employed by Fund country teams in advising national authorities on policy formulation. The second part of paper seeks to assess how well this process works in practice.