Macroeconomic Policy

IPD’s Macroeconomics Task Force aims to provide a comprehensive framework for addressing key policy issues facing developing countries. These include discussions of the appropriate objectives, instruments including tax policies, policy frameworks, and institutions. In particular, the Task Force seeks to differentiate economic tools from objectives. Much macroeconomic policy and analysis has confused intermediate with final variables. The objectives of macroeconomic policy include growth, employment, and improved living standards. Targets such as economic stability and low inflation should not be viewed as objectives in-themselves, but a means to the ultimate objective of long-term sustainable growth.