Hailu, Degol2024-10-042024-10-042009https://repositorio.ipea.gov.br/handle/11058/15856Rich 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.engAcesso AbertoThe Rich Expand, the Poor Contract. The Paradox of Macroeconomic Policy in EthiopiaExpansión de los Ricos, Contracción de los Pobres. La Paradoja de la Política Macroeconómica en EtiopíaExpansão dos Ricos, Contração dos Pobres. O Paradoxo da Política Macroeconômica na EtiópiaWorking paperInternational Policy Centre for Inclusive GrowthUnited Nations Development ProgrammeLicença total exclusivaO texto e dados desta publicação podem ser reproduzidos desde que as fontes sejam citadas. Reproduções com fins comerciais são proibidas.RichExpandPoorContractParadoxMacroeconomic PolicyEthiopia