Neoliberal reforms and macroeconomic policy in Peru

Economic Reforms and Macroeconomic Management in Pakistan

Pakistan was one of the few developing countries that had achieved an average growth rate of over 5 percent over a four decade period ending 1990. Consequently, the incidence of poverty had declined from 40 percent to 18 percent by the end of 1980s. But the 1990s proved to be a lost decade for Pakistan, Growth in per capita income dropped to slightly over 1 percent. Poverty resurfaced and about...

Why neoliberal health reforms have failed in Latin America.

This paper reviews Latin American neoliberal health reforms sponsored by the IMF and the World Bank, and analyzes the impact on the region of decentralization and privatization, the two basic components of the reforms. The second part of the paper examines in some detail the Chilean and Colombian reforms, the two countries that have implemented closely the principles of the neoliberal reform. T...

Macroeconomic Policy Reforms in Kenya: Are There Lessons for Other African Nations?

This paper discusses Kenya’s macroeconomic policies during the 1980s. It specifically analyzes issues of food security as it relates to market performance and policies. This is followed by projections of the effects of various policy changes and market conditions on grain production, consumption, and imports over a five year period. It appears that structural adjustment policies have consequenc...

Robustness and Macroeconomic Policy

This paper considers the design of macroeconomic policies in the face of uncertainty. In recent years, several economists have advocated that when policymakers are uncertain about the environment they face and find it difficult to assign precise probabilities to the alternative scenarios that may characterize this environment, they should design policies to be robust in the sense that they mini...

Macroeconomic Policy and Performance