© 1998 International Monetary Fund
Production: IMF Graphics Section
Cover design: Massoud Etemadi
Typesetting: Victor Barcelona, Julio R. Prego
ISBN 9781557757906
ISSN 1020-5098
Published December 1998
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Preface
The Economic Issues series aims to make available to a broad readership of nonspecialists some of the economic research being produced on topical issues by IMF staff. The series draws mainly from IMF Working Papers, which are technical papers produced by IMF staff members and visiting scholars, as well as from policy-related research papers.
This Economic Issue is a summary version of an Issues Paper circulated at the IMF Conference on Economic Policy and Equity, held on June 8-9, 1998, at IMF headquarters. It was prepared by the IMF Fiscal Affairs Division with contributions from Sanjeev Gupta, Benedict Clements, Robert Gillingham, Christian Schiller, Marijn Verhoeven, Rosa Alonso-Terme, and Alexandros Mourmouras; both the Issues Paper and this pamphlet are available on the IMF’s Internet site at http://www.imf.org. The conference volume Economic Policy and Equity will be published in early 1999, when it can be purchased from IMF Publication Services.