Macroeconomic Policy in Fragile States

Setting macroeconomic policy is especially difficult in fragile states. Macroeconomic Policy in Fragile States addresses the many issues involved and considers ways to improve the effectiveness of macroeconomic management in the face of these constraints.

Ralph Chami, Assistant Director, International Monetary Fund,Raphael Espinoza, Deputy Division Chief, International Monetary Fund,Peter J. Montiel, Fairleigh S. Dickinson, Jr. '41 Professor of Economics, Williams College

bRalph Chami/b is currently Assistant Director in the Institute for Capacity Development, International Monetary Fund. Most recently, he was Assistant Director and Mission Chief in the Middle East and Central Asia Department (MCD) where he oversaw surveillance and program work on fragile states: Egypt, Libya, Somalia, Sudan, South Sudan, and Yemen. Previously, he was the Chief of the Regional Studies Division in MCD. He is the recipient of the 2014 IMF Operational Excellence Award.

bRaphael Espinoza/b is Deputy Division Chief at the IMF, in the Fiscal Affairs Department. He has worked on several crisis cases (Brexit, the euro crisis, IMF SBA programs, etc.) as well as in the IMF Research Department and as Lecturer and Director of the Centre for the Studies of Emerging Economies at UCL. He has written a book on the macroeconomics of the Arab States of the Gulf (OUP, 2013) and papers on international macroeconomics and finance.


bPeter Montiel/b is the Farleigh S. Dickinson Jr. '41 Professor of Economics at Williams College. He has also worked at the IMF and at the World Bank, and has served as a consultant for the African Development Bank, the Asian Development Bank, and the Inter-American Development Bank, as well as for several central banks. His research is on macroeconomic issues in developing countries. He has written several books and a number of papers in professional journals.