2 A Model of Adjustment and Growth An Empirical Analysis
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
15 Jun 1991
Keywords:
BOOK; price level; excess supply; upper bound; constant term; rate constant; parameter value; Trade balance; Inflation; Demand for money; Production growth; Private savings

Abstract

The Concept of “growth-oriented adjustment,” or the notion that economic growth is essential for the achievement of the twin goals of a sustained reduction in inflation and a viable balance of payments, has recently received the attention of policymakers and academics alike. Indeed, growth-oriented adjustment is considered a key characteristic of the policy packages that make up Fund-supported programs. Examples of the blossoming literature on the subject of growth-oriented adjustment can be found in Bacha and Edwards (1988), Blejer and Chu (1989), and Corbo, Goldstein, and Khan (1987).1

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Cover Macroeconomic Models for Adjustment in Developing Countries
Macroeconomic Models for Adjustment in Developing Countries
ISBN:
9781557752192
Publication Date:
15 Jun 1991
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557752192.071
Pages:
333