01723cas a2200265 a 4500 AALejournalIMF008809 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451951486 1018-5941 BD-DhAAL BD-DhAAL Schadler, Susan. The Macroeconomic Effects of ESAF-Supported Programs : Revisiting Some Methodological Issues / Susan Schadler, Louis Dicks-Mireaux, Mauro Mecagni. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines whether ESAF-supported programs during 1986-91 had significant independent effects on growth, inflation and the external debt service ratio. Econometric estimates of the Generalized Evaluation Estimator (GEE) identify statistically significant beneficial effects on output growth and the debt service ratio but no effects on inflation. The robustness of these estimates is also examined. Diagnostic tests cast doubt on the applicability of the GEE framework to the ESAF-eligible countries, and the results obtained using it. Mode of access: Internet Dicks-Mireaux, Louis. Mecagni, Mauro. IMF Working Papers; Working Paper ; No. 1995/092 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/092/001.1995.issue-092-en.xml IMF e-Library