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https://repositorio.ipea.gov.br/handle/11058/15856Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| en_IPCOnePager78.pdf | 79.79 kB | Adobe PDF |  View/Open | |
| es_IPCOnePager78.pdf | 124.48 kB | Adobe PDF |  View/Open | |
| pt-br_IPCOnePager78.pdf | 116.01 kB | Adobe PDF |  View/Open |
| Title: | The Rich Expand, the Poor Contract. The Paradox of Macroeconomic Policy in Ethiopia |
| Other Titles: | Expansión de los Ricos, Contracción de los Pobres. La Paradoja de la Política Macroeconómica en Etiopía Expansão dos Ricos, Contração dos Pobres. O Paradoxo da Política Macroeconômica na Etiópia |
| Authors: | Hailu, Degol |
| Abstract: | Rich countries have earmarked about $7 trillion to reverse the current global economic slump. The United States allotted $700 million to rescue ailing banks. About $180 billion was used to rescue just one insurer (AIG). A $787 billion stimulus package is also in place. The United Kingdom set aside $692 billion. The Chinese announced a $586 billion fiscal stimulus. Monetary policy has also become expansionary. The US and the UK cut interest rates to zero per cent and 0.5 per cent, respectively. Can low-income countries embark on such expansionary fiscal and monetary policies? Unfortunately not, as the case of Ethiopia demonstrates. (...) Os países ricos têm destinado cerca de US$ 7 trilhões para reverter a atual recessão econômica mundial. |
| metadata.dc.rights.holder: | International Policy Centre for Inclusive Growth United Nations Development Programme |
| metadata.dc.rights.license: | O texto e dados desta publicação podem ser reproduzidos desde que as fontes sejam citadas. Reproduções com fins comerciais são proibidas. |
| metadata.dc.type: | One Pager |
| Appears in Collections: | Publicações do IPC-IG |
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