英文文献：Working Paper 117 - Supporting Africa's Post-Crisis Growth: The Role of Macroeconomic Policies-工作文件117:支持非洲危机后的增长:宏观经济政策的作用
英文文献作者：Léonce Ndikumana,Zuzana Brixiova,Kaouther Abderrahim
英文文献摘要：
The objective of this paper is to discussmacroeconomic policies that would helpAfrican countries, especially the lowincome countries (LICs), reach strong,sustained and shared growth in the postcrisisworld. The paper first reviews, witha special focus on LICs, macroeconomicpolicies in Africa prior to the crisis. Itthen discusses factors behind ‘the Africasurprise’ that is the continent’s overallgood performance during the crisis andrelatively fast recovery. It underscoresthat in the aftermath of the crisis, theemphasis of the macroeconomic policyneeds to shift from the objective of verylow inflation that predominated prior tothe crisis towards growth. Fiscal policy iskey in this regard, through public outlayson infrastructure anchored in themedium term expenditure frameworksthat would also have a counter-cyclicalrole. Where conditions allow, frontiermarket LICs may want to consideradopting flexible inflation targetingframeworks that would provide sufficientroom for expansion of credit to theprivate sector.

本文的目的是讨论有助于非洲国家，特别是低收入国家(LICs)在危机后世界实现强劲、持续和共享增长的总体经济政策。这篇论文首先回顾了危机前非洲的宏观经济政策，特别关注了地方政府投资。然后讨论了“非洲奇迹”背后的因素，即非洲大陆在危机期间总体表现良好，复苏相对较快。它表明，在危机过后，宏观经济政策的重点需要从危机前的低通胀目标转向增长。在这方面，财政政策是关键，通过固定在中期支出框架内的公共支出基础设施，这也将发挥反周期作用。在条件允许的情况下，前沿市场地方政府投资公司可能会考虑采用灵活的通胀目标框架，为私营部门的信贷扩张提供足够的空间。