Monetary Policies for an MDG-Related Scaling up of ODA to Combat HIV/AIDS:Avoiding Dutch Disease Versus Supporting Fiscal Expansion
AbstractThis Conference Paper by Matias Vernengo was presented at the ?Global Conference on Gearing Macroeconomic Policies to Reverse the HIV/AIDS Epidemic?, jointly organized by UNDP?s HIV/AIDS Group and IPC and held in Brasilia, November 2006. It is part of an IPC-supported Research Programme on ?Macroeconomic Policies to Combat HIV/AIDS?. The paper maintains that the monetary policies best suited to manage the macroeconomic effects of an MDG-related scaling up of HIV/AIDS financing are those that support the needed expansion of public spending - namely, monetary policies that maintain low rates of interest, increase overall liquidity in the economy and try to achieve a relatively depreciated currency.
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Bibliographic InfoPaper provided by International Policy Centre for Inclusive Growth in its series Conference Paper with number 2.
Date of creation: Mar 2007
Date of revision:
Publication status: Published by UNDP - International Poverty Centre, March 2007, pages 1-22
Poverty; MDG; HIV/AIDS; Monetary Policies;
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-07-07 (Africa)
- NEP-ALL-2007-07-07 (All new papers)
- NEP-HEA-2007-07-07 (Health Economics)
- NEP-MAC-2007-07-07 (Macroeconomics)
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