| While much attention has been paid to monetary policy reforms in advanced economies in recent years, problems facing low- and lower-middle income countries seeking to stabilize their economies remain largely under researched, said Maurice Obstfeld, the IMF’s chief economist. Obstfeld’s comments came while moderating a panel discussion entitled, Monetary Policy Frameworks in Low-Income and Developing Countries, during the IMF-World Bank Annual Meetings.
“Many low and lower-middle income countries have made progress on a number of fronts including stabilizing inflation rates,” Obstfeld said, but added that good monetary policy will be necessary if this group of countries is to achieve rapid, stable, sustainable, and inclusive growth...............................................Full Article: Source
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