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dc.date.accessioned2014-01-02T16:51:57Z
dc.date.available2014-01-02T16:51:57Z
dc.date.issued2001-12
dc.identifier.isbn9211213398
dc.identifier.urihttp://hdl.handle.net/11362/7786
dc.description.abstractIntroduction The social agenda is long-term in nature, in the sense that poverty alleviation along with a better distribution of income, wealth and opportunities are long-term goals. A sound macroeconomic policy, on the other hand, has to do largely with the consistent management of short-term policy instruments pursuing a sustainable and predictable pace for aggregate economic variables and major prices (wages, inflation, interest rates and exchange rates). In spite of the different arena and rationale in which they play, there are strong links between the two. First and most obvious, macroeconomic adjustment and structural reform are more likely to be sustainable when they are equitable. Second, social intervention —i.e., policies, programmes and reforms aimed at improving social performance in the long run—, needs stable funding which is not always available in view of macroeconomic constraints. Third, macroeconomic instability —especially episodes of recession or hyperinflation— increases poverty and inequality, while restoring macroeconomic equilibrium does not restore previous social balances. Finally, there is no unique macroeconomic policy mix to tackle a given situation, and the policy options may not be neutral from a social standpoint. Monetary, fiscal and exchange rate policies, together with structural reform, have major consequences for the social wellbeing of societies, not only in terms of protection against shocks and crises but also in terms of equity. Many, if not all, of the necessary social policies are of a domestic nature. This report thus concentrates on domestic strategies aimed at maximizing the linkages between consistent macroeconomic policies and social progress. Pursuing them, however, depends to a considerable extent on the international enabling environment in which the global financial system, the unsettled debt crisis and increasing ODA flows play a significant role. Countries operate in a world economy where market players everywhere immediately scrutinize domestic monetary, financial or fiscal policy decisions and the performance of exchange rate regimes of individual countries. Under these conditions, the room for manoeuvre of policymakers has become considerably constrained. Consequently, it is becoming increasingly complex to incorporate the social dimensions into such policy decisions, to the extent that external analysts consider that authorities are sacrificing sound macroeconomic policies. The main message of the report is that the expediency of short-term economic efficiency as embedded in much of the advice on macroeconomic stability needs to be tempered by long-term development objectives. The report starts with a short historical background which describes the ascendancy of macroeconomic policies over social development policies (chapter I). It continues with an evaluation of the relation between macroeconomic consistency and social effort (chapter II), and the importance of sustainable and stable growth for social progress (chapter III). The report then turns to the need for an equity-enhancing growth strategy (chapter IV) and an analysis of the priorities of social policies in an integrated approach to growth (chapter V). The final chapter adds some final institutional remarks.
dc.format.extent28 páginas.
dc.language.isoen
dc.publisherECLAC
dc.relation.ispartofseriesSerie Informes y Estudios Especiales
dc.titleSocial dimensions of macroeconomic policy: report of the Executive Committee on Economic and Social Affairs of the United Nations
dc.typeTexto
dc.contributor.entityNU. CEPAL
dc.publicationstatusDisponible
dc.regionalofficeSantiago
dc.physicaldescription28 p.
dc.jobnumberS01121088 E
dc.salenumber01.II.G.204
dc.callnumberINT UN/EC 93(1/2001)
dc.callnumberLC/L.1662-P
dc.identifier.unsymbolLC/L.1662-P
dc.placeofeditionSantiago
dc.relation.ispartofseriesno1
dc.subject.spanishDESARROLLO SOSTENIBLE
dc.subject.spanishEMPLEO
dc.subject.spanishIGUALDAD
dc.subject.spanishPAISES EN DESARROLLO
dc.subject.spanishPOLITICA ECONOMICA
dc.subject.spanishPOLITICA SOCIAL
dc.subject.spanishSEGURIDAD SOCIAL
dc.subject.spanishECONOMIA DEL BIENESTAR
dc.subject.englishDEVELOPING COUNTRIES
dc.subject.englishECONOMIC POLICY
dc.subject.englishEMPLOYMENT
dc.subject.englishEQUALITY
dc.subject.englishSOCIAL POLICY
dc.subject.englishSOCIAL SECURITY
dc.subject.englishSUSTAINABLE DEVELOPMENT
dc.subject.englishWELFARE ECONOMICS
dc.type.biblevelDocumento Completo
dc.doctypeSeries
dc.topic.spanishMACROECONOMÍA
dc.topic.spanishDESIGUALDAD
dc.topic.spanishEMPLEO
dc.topic.spanishPROTECCIÓN SOCIAL
dc.topic.spanishPOLÍTICAS Y PROGRAMAS SOCIALES
dc.topic.englishMACROECONOMICS
dc.topic.englishINEQUALITY
dc.topic.englishEMPLOYMENT
dc.topic.englishPROTECTION / SOCIAL SECURITY
dc.topic.englishSOCIAL POLICIES AND PROGRAMMES
dc.idsade10361
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.spanishDESARROLLO SOCIAL
dc.workarea.englishECONOMIC DEVELOPMENT
dc.workarea.englishSOCIAL DEVELOPMENT


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