Thesis - Jamaica: Macroeconomic Policy, Debt and the IMF - ID:04130 - Volum 24 pagini


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Executive Summary ...........................................................................................................................................1 Introduction........................................................................................................................................................2
A History of Indebtedness ...............................................................................................................................2
The Jamaica Debt Exchange (JDX)................................................................................................................6
Jamaican Economy on Uneven Ground Even Before the Recession .......................................................8
How did the Global Recession Reach Jamaica?............................................................................................9
The Collapse of Lehman, and Jamaica’s Policy Response.........................................................................10
Jamaica Returns to the IMF ...........................................................................................................................12
Fiscal Policy ......................................................................................................................................................12
Health, Education and the Public Wage Bill................................................................................................17
Monetary Policy ...............................................................................................................................................18
Public Sector Structural Reforms ..................................................................................................................18
Conclusion ........................................................................................................................................................19
References .........................................................................................................................................................20