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- W3044202447 abstract "In developing countries, the issue of macroeconomic stabilization has generated a considerable theoretical and political controversy. The chapter presents the theory behind the standard monetary models of stabilization in a closed and open economy that inspires adjustment programmes supported by the IMF, the concrete measures adopted as part of this stabilization approach, and their pitfalls. Mention is also made of the criticism attracted by the approach. The final section analyses the relation between orthodox stabilization and poverty incidence and the trade-off between rapid, front-loaded stabilization, and poverty incidence, as well as a series of measures to reduce the impact of orthodox stabilization on the poor." @default.
- W3044202447 created "2020-07-29" @default.
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- W3044202447 date "2020-03-26" @default.
- W3044202447 modified "2023-10-14" @default.
- W3044202447 title "Macroeconomic Stabilization in Developing Countries" @default.
- W3044202447 doi "https://doi.org/10.1093/oso/9780198856672.003.0016" @default.
- W3044202447 hasPublicationYear "2020" @default.
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