Multiannual Macroeconomic Programming Techniques for Developing Economies

Multiannual Macroeconomic Programming Techniques for Developing Economies

eBook - 2010
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This book describes practical techniques to formulate multiannual macroeconomic projections for developing economies. The approach is broadly similar to that of well-known financial-programming models, but some of the material, including solution procedures for the external and fiscal projections and the external-debt projection methodology, is innovative. The basic aim of macroeconomic programming exercises is to determine whether a quantitatively specified macroeconomic and government-expenditure policy program would be financially feasible - that is, consistent over time with external and internal financing likely to be available. Exercises of the kind described here formulate national-, external-, fiscal-, and monetary-accounts projections, based on: assumed behavioral parameters; assumed exogenous world conditions and internal variables; programmed macroeconomic objectives such as real growth, inflation, and exchange-rate evolution; programmed real government expenditure; an external-debt program; and, data for the base year preceding the projection period.The projections include estimates of the external and internal financing the public sector and economy as a whole would require, which may be evaluated for feasibility. Among other applications, macroeconomic programming exercises may be used to help gauge the financial feasibility of development and poverty-reduction objectives (like the UN Millennium Development Goals), or to address external-debt sustainability.
Publisher: Singapore ; Hackensack, N.J. : World Scientific, c2010.
ISBN: 9789814289030
9814289027
9789814289023
Branch Call Number: ELECTRONIC BOOK
Characteristics: 1 online resource (xix, 411 p.) : ill.
Additional Contributors: ebrary, Inc

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