Publication: Monetary Policies for an MDG-Related Scaling up of ODA to Combat HIV/AIDS: Avoiding Dutch Disease Versus Supporting Fiscal Expansion
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eng
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Brasil
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International Policy Centre for Inclusive Growth
United Nations Development Programme
United Nations Development Programme
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Abstract
This 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.