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Economic Policy and Prospects in Iraq

Source: bosfed.org
Topic: Economic Policy

Sort Desciption: The biggest influence on Coalition economic policy was the experience of the ... The Office of Economic Policy of the Coalition Provisional Authority ...

Content Inside: 1 No. 04-1 Economic Policy and Prospects in Iraq Christopher Foote William Block Keith Crane and Simon Gray Abstract: This paper describes the Coalition Provisional Authoritys attempts to stabilize and reform Iraqs economy along market lines. It argues that while security concerns remain serious Iraqs economy has not been crippled by violence. However sustained economic growth will depend on whether Iraqs future leaders pursue the pro-market approaches the Coalition has advocated. If the Iraqi economy is to reach its potential it will need to go even farther than the Coalition did implementing reforms the Coalition did not pursue because of security concerns. __________________________________________ __________________________________________ __ Christopher Foote is a Senior Economist Federal Reserve Bank of Boston Boston Massachusetts. William Block is an Economist U.S. Department of the Treasury Washington D.C. Keith Crane is a Senior Economist the RAND Corporation Arlington Virginia office. Simon Gray is Adviser to the Governor Bank of England London United Kingdom. All four of the authors worked at the Coalition Provisional Authority Baghdad Iraq. Their e-mail addresses are <chris.foote@bos.frb.org> <blockw@orha.centcom.mil> <Keith_Crane@rand.org> and <Simon.Gray@bankofengland.co.uk> respectively. This paper is available on the web site of the Federal Reserve Bank of Boston at http://www.bos.frb.org/economic/ppdp/index .htm and is forthcoming in the Journal of Economic Perspectives 2004. The views expressed in this paper are solely those of the authors and do not reflect official positions of the Coalition Provisional Authority the U.S. Treasury the Bank of England the U.S. Federal Reserve System or any other national or international agency. Officials of the International Monetary Fund and World Bank participated in many of the discussions discussed in this paper. Though the number of people who worked w ...

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