Lessons From The Heterodox Stabilization Programs

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Lessons From The Heterodox Stabilization Programs

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Author : Miguel Alberto Kiguel
language : en
Publisher: World Bank Publications
Release Date : 1991

Lessons From The Heterodox Stabilization Programs written by Miguel Alberto Kiguel and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Developing countries categories.

Heterodox stabilization programs are more successful in chronic high inflation countries because only there can the benefits from achieving a rapid initial reduction in inflation outweigh the costs of tampering with price and wage controls. While the heterodox phase is effective in blocking inflation initially, success depends on a long- term commitment to the orthodox part of the program and the readiness to accept the unavoidable costs of disinflation.

Lessons Of Economic Stabilization And Its Aftermath

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Author : Banḳ Yiśraʼel
language : en
Publisher: MIT Press
Release Date : 1991

Lessons Of Economic Stabilization And Its Aftermath written by Banḳ Yiśraʼel and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.

Comprises essays presented at a conference held in Jerusalem in 1990.

How Expectations Affect Reform Dynamics In Developing Countries

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Author : Francesco Daveri
language : en
Publisher: World Bank Publications
Release Date : 1991

How Expectations Affect Reform Dynamics In Developing Countries written by Francesco Daveri and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Developing countries categories.

Bold moves were effective in trade reform in Chile, Turkey, and Venezuela. But discredited governments, in countries with a history of policy failure, are probably better off sending no signals of policy reform and approaching it in small, cautious steps.

World Bank Research Program

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Author : World Bank
language : en
Publisher:
Release Date : 1991

World Bank Research Program written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Economic assistance categories.

The Macroecononomics Of Public Sector Deficits

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Author :
language : en
Publisher: World Bank Publications
Release Date :

The Macroecononomics Of Public Sector Deficits written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Vocational Schooling Occupational Matching And Labor Market Earnings In Israel

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Author :
language : en
Publisher: World Bank Publications
Release Date :

Vocational Schooling Occupational Matching And Labor Market Earnings In Israel written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Distributional Effects Of Adjustment Policies

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Author : François Bourguignon
language : en
Publisher: World Bank Publications
Release Date : 1991

Distributional Effects Of Adjustment Policies written by François Bourguignon and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Developing countries categories.

Macroeconomic crises in the 1980s made it more difficult to design policies to alleviate poverty because of the need to stabilize the economy and promote restructuring that would ensure long- term growth.

Exchange Rate Based Stabilization Under Imperfect Credibility

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Author : Mr.Guillermo Calvo
language : en
Publisher: International Monetary Fund
Release Date : 1991-08-01

Exchange Rate Based Stabilization Under Imperfect Credibility written by Mr.Guillermo Calvo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-08-01 with Business & Economics categories.

This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption. In contrast, a non-credible stabilization results in an initial expansion of output, followed by a later recession. The inflation rate of home goods remains above the rate of devaluation throughout the program, thus resulting in a sustained real exchange rate appreciation.

Policy Research Working Papers

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Author :
language : en
Publisher:
Release Date : 1991

Policy Research Working Papers written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Developing countries categories.

Economic Growth A Review Of The Theoretical And Empirical Literature

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Author : David Renelt
language : en
Publisher: World Bank Publications
Release Date : 1991

Economic Growth A Review Of The Theoretical And Empirical Literature written by David Renelt and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Crecimiento economico categories.

Some countries have achieved rapid growth rates and caught up with wealthier countries while others have achieved little or no growth. Efforts to determine the reasons for these differences are an important theoretical and empirical task.