Macroeconomic Adjustment in Developing Countries

Nopic
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... READ MORE...

Publication date: January 1988
ISBN 9781451924619
$10.00

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