Verfügbarkeit: Macroeconomic Adjustment in Developing Countries

Macroeconomic Adjustment in Developing Countries:

The paper deals with the two parts of the short-run adjustment problem in developing countries: the improvement of the current account and the reduction of inflation, the main cause in both cases being usually a fiscal deficit. It is shown how the two parts are related. Distinctions are made between...

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Körperschaft:	International Monetary Fund (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1988
Schriftenreihe:	IMF Working Papers
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The paper deals with the two parts of the short-run adjustment problem in developing countries: the improvement of the current account and the reduction of inflation, the main cause in both cases being usually a fiscal deficit. It is shown how the two parts are related. Distinctions are made between the primary adjustment cost, which is inevitable, and the secondary cost which results, for example, from failure to devalue or from real wage rigidity. A sectoral cost benefit analysis is suggested. Reducing inflation involves both an inflation tax replacement and a price adjustment problem, and "heterodox" policies designed to deal with the latter are analyzed
Beschreibung:	1 Online-Ressource (30 p)
ISBN:	1451924615 9781451924619

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spelling	International Monetary Fund Verfasser aut Macroeconomic Adjustment in Developing Countries Washington, D.C International Monetary Fund 1988 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers The paper deals with the two parts of the short-run adjustment problem in developing countries: the improvement of the current account and the reduction of inflation, the main cause in both cases being usually a fiscal deficit. It is shown how the two parts are related. Distinctions are made between the primary adjustment cost, which is inevitable, and the secondary cost which results, for example, from failure to devalue or from real wage rigidity. A sectoral cost benefit analysis is suggested. Reducing inflation involves both an inflation tax replacement and a price adjustment problem, and "heterodox" policies designed to deal with the latter are analyzed Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/14720-9781451924619/14720-9781451924619/14720-9781451924619.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Macroeconomic Adjustment in Developing Countries
title	Macroeconomic Adjustment in Developing Countries
title_auth	Macroeconomic Adjustment in Developing Countries
title_exact_search	Macroeconomic Adjustment in Developing Countries
title_exact_search_txtP	Macroeconomic Adjustment in Developing Countries
title_full	Macroeconomic Adjustment in Developing Countries
title_fullStr	Macroeconomic Adjustment in Developing Countries
title_full_unstemmed	Macroeconomic Adjustment in Developing Countries
title_short	Macroeconomic Adjustment in Developing Countries
title_sort	macroeconomic adjustment in developing countries
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