Contents -- Foreword -- Acknowledgments -- 1 Macroeconomic Management: An Overview Mohsin S. Khan, Saleh M. Nsouli, and Chorng-Huey Wong -- 2 Adjustment and Internal-External Balance Chorng-Huey Wong -- 3 Do IMF-Supported Programs Work? A Survey of the Cross-Country Empirical Evidence Nadeem Ul Haque and Mohsin S. Khan -- 4 Sources of Growth Xavier X. Sala-i-Martin -- 5 Current Account Sustainability Luis Carranza -- 6 The Framework of Monetary Policy Richard C. Barth -- 7 Inflation Targeting Jodi Scarlata -- 8 Fiscal Policy and Macroeconomic Management Samir El-Khouri -- 9 Assessment of the Fiscal Balance Enzo Croce -- 10 Determination of Nominal Exchange Rates: A Survey of the Literature Graciana del Castillo -- 11 The Long-Run Equilibrium Real Exchange Rate: Theory and Measurement Peter J. Montiel -- Contributors.