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IMF Policy Discussion Paper

by Saurin Shah Christopher Towe

A report from the International Monetary Fund.

IMF Staff Country Reports

by Christopher Towe Matthew Fisher

A report from the International Monetary Fund.

IMF Staff Country Reports

by Christopher Towe G. Russell Kincaid

A report from the International Monetary Fund.

IMF Staff Country Reports

by Christopher Towe Poul M. Thomsen

A report from the International Monetary Fund.

INDIA at the Crossroads

by Tim Callen Patricia Reynolds Christopher Towe

Macroeconomic developments during 2000 including a rebound of inflation, slowing industrial production, and downward pressure on the rupee and stock prices and have tempered optimism for India's macroeconomic performance during the last decade. They also underscore the longer-standing question of whether the basis for achieving sustained and rapid growth has yet been established in India. Most notably, fiscal policy, structural policy and poverty. These issues have been at the core of the ongoing policy dialog between the IMF staff and the Indian authorities, and this volume brings together some of the IMF staff's more recent analysis of these topics. Four main issues are addressed. Part I explores the factors underlying India's success in avoiding significant fallout from the Asia crisis and addresses broader questions regarding India's external vulnerability. Part II discusses the fiscal situation and the extent to which recent policies pose risks to India's growth prospects and debt sustainability. Monetary policy and financial sector reform are considered in Part III, and structural issues, including those related to poverty and interstate growth and structural policy implementation are covered in Part IV.

U.S. Fiscal Policies and Priorities for Long-Run Sustainability

by Martin Mühleisen Christopher Towe Roberto Cardarelli Paula De Masi Iryna Ivaschenko Michael Kell Ayhan Kose Jim Prust Dominique Simard

This paper presents an overview of recent U. S. fiscal developments and discusses possible implications of the sharp turn around in the government's fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting pressures on public retirement and health care systems during the next decade. the study draws principally from back ground papers that were prepared for the IMF staff's annual consultation discussions with the U. S. authorities in 2002 and 2003.

Showing 1 through 6 of 6 results

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