Pro-Growth Alternatives for Monetary and Financial Policies in Sub-Saharan Africa

Robert Pollin, Gerald Epstein and James Heintz

Chapter 2 in Economic Alternatives for Growth, Employment and Poverty Reduction, 2009, pp 24-32 from Palgrave Macmillan

Abstract: Abstract In their IPC Policy Research Brief #4 (Paper #1 in this volume), John Weeks and Terry McKinley propose major departures from the prevailing neoliberal macroeconomic framework that has dominated policymaking in sub-Saharan Africa. The neoliberal model favours fiscal policy that is preoccupied with maintaining small deficits, monetary policy that is fixated on low inflation targets, and exchange-rate policy that is committed to full flexibility.

Keywords: Exchange Rate; Monetary Policy; Money Supply; Supply Shock; Asian Development Bank (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25063-5_3

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DOI: 10.1057/9780230250635_3

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