MARC Record from Library of Congress

LEADER: 02061cam a22003377a 4500
001 2005615628
003 DLC
005 20050113081351.0
007 cr |||||||||||
008 050113s2004 mau sb 000 0 eng
010 $a 2005615628
040 $aDLC$cDLC
043 $ad------
050 00 $aHB1
100 1 $aBurnside, Craig.
245 10 $aHiccups for hipcs?$h[electronic resource] /$cCraig Burnside, Domenico Fanizza.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10903
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/13/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"In this paper we discuss fiscal and monetary policy issues facing heavily-indebted poor countries (HIPCs) who receive debt reduction via the enhanced HIPC initiative. This debt relief program is distinguished from previous ones by its conditionality: freed resources must be used for poverty reduction. We argue that (i) this conditionality severely limits the extent to which the initiative provides significant debt relief; (ii) depending on the response of monetary policy to an increase in social spending there could be a short-run increase in inflation in HIPC countries and (iii) the keys to long-run fiscal sustainability in the HIPCs are significant fiscal reforms by their governments, and the effectiveness of their poverty reduction programs in raising growth"--National Bureau of Economic Research web site.
650 0 $aDebt relief$zDeveloping countries.
650 0 $aFiscal policy$zDeveloping countries.
650 0 $aMonetary policy$zDeveloping countries.
700 1 $aFanizza, Domenico.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10903.
856 40 $uhttp://papers.nber.org/papers/w10903