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- W2094364600 abstract "Abstract This paper surveys some issues relating to economic stabilization in developing countries. Section 2 examines the contributions of terms-of-trade deterioration and real exchange rate appreciation to payments imbalances in non-oil developing countries during the 1970s. Section 3 distinguishes between demand-side and supply-side policies, and discusses their respective roles in stabilization programmes. The effects of exchange-rate changes are considered within this framework. In Section 4, the effects of alternative stabilization policies on output, prices and the balance of payments are illustrated using simulations of a model that incorporates the major relationships relevant to a typical programme. Section 5 summarizes the conclusions." @default.
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- W2094364600 title "Some theoretical and empirical issues relating to economic stabilization in developing countries" @default.
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- W2094364600 doi "https://doi.org/10.1016/0305-750x(82)90025-0" @default.
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