The Inflation-Proofing of Economic Policy Review: Development Economies in Perspective

La Revisión de la Política Económica a Prueba de la Inflación: Las Economías de Desarrollo en Perspectiva

Redouane Taouil (redouane.taouil@univ-grenoble-alpes.fr)
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Redouane Taouil: CREG - Centre de recherche en économie de Grenoble - UGA - Université Grenoble Alpes

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Abstract: The aim of this article is to examine the impact of policy makers responses to the inflationary shock in Morocco, and to draw conclusions regarding developing countries that have opted for the same responses. Based on the Seller's inflation hypothesis, it shows that raising interest rates and supply-side measures such as tax and customs exemptions and subsidies are unable to mitigate the deterioration in purchasing power and the cost-of-living crisis. In this context, a return to price stability and inflation requires the limitation of market powers and the extension of fiscal space by increasing tax revenues as adjuncts to monetary policy.

Keywords: inflation; monetary policy; fiscal policy; developing countries; inflacion; politica monetaria; politica fiscal; paises en desarollo; politique monétaire; politique budgétaire; pays en développement (search for similar items in EconPapers)
Date: 2024
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Published in Energeia. Revista internacional de filosofía y epistemología de las ciencias económicas, 2024, 8 (1), pp.71-83

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04871614

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