Ideas to Action:

Independent research for global prosperity

Publications

 

Fan of Pakistani rupees - Adobe stock photo
July 3, 2018

Why Does Pakistan Have Repeated Macroeconomic Crises?

Over the past 50 years, Pakistan’s record on macroeconomic management has been mixed. The next crisis is now approaching. Most economists agree that the post-election government will have no alternative but to approach the IMF yet again for another bailout with associated policy conditionality. Against this background, this note examines three questions that economists both within and outside Pakistan are asking.