Sentences with phrase «macroeconomic policy without»

I do think that in the long run, one can not intelligently determine macroeconomic policy without maintaining an awareness of electoral politics.

Not exact matches

The strategies for achieving these broad macroeconomic objectives include the following: • Promoting inclusive growth without compromising fiscal consolidation; • Anchoring fiscal policy on reducing the fiscal deficit to low and sustainable levels, sufficient to reduce the overall public debt burden; • Strengthening the inflation targeting regime and pursuing complementary monetary policy to promote monetary discipline; and • Pursuing complementary external sector policies to ensure exchange rate stability and favourable current account balance.

But without stronger macroeconomic policies - notably higher non-oil tax collections (to create fiscal space) and a more transparent foreign exchange regime (to facilitate adjustment and promote diversification)- the plan will not meet the objectives of fostering higher growth and employment»

For a real - world example of how a system of market - chosen monetary policy would work in the absence of a central bank, one need not look to the past; the example exists in present - day Central America, in the Republic of Panama, a country that has lived without a central bank since its independence, with a very successful and stable macroeconomic environment.