3 The Link Between Price Liberalization and Macroeconomic Management

Abstract

The topic I have been given is a complex one. It becomes even more complex when considered in light of the wide variety of countries represented at this seminar: Latin American, Asian, and African, as well as countries in transition to market economies. It is only fair for me to interpret my mandate in a way that has some relevance for all of you. Thus, I am going to present a general framework for discussing this issue, defining several initial conditions that apply to different types of countries and identifying the corresponding policy dilemmas.

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Proceedings of the Seminar Coordination of Structural Reform and Macroeconomic Stabilization, Washington, D.C., June 17-26, 1993