Re thinking Macro Policy new found formula..

This IMF published Paper argues that inflation of 4 % is less harmful then the normal inflation target of 2 %


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In terms of overall human development, Nepal has moved from being a ‘low human development' country with Human Development Index (HDI) less than 0.5 in the 1990s to a‘medium human development country’ (HDI between 0.5 and 0.8). However, amongst this group Nepal ranks in the bottom quartile (UNHDR, 2009). Nevertheless, between 1980 and2007, Nepal maintained an average annual HDI growth rate of 2.16%, the highest in the world (UNHDR 2009) " One lesson of the Arab annus mirabilis , then, is that good economics need not always mean good politics; the two can part ways for quite some time. It is true that the world’s wealthy countries are almost all democracies. But democratic politics is neither a necessary nor a sufficient condition for economic development over a period of several decades." CLICK HERE TO READ MORE
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