Series: IMF Working Papers
Author(s): Miguel Savastano , and Michael Mussa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1999
Keywords: IMF-supported programs, quantitative approach, monetary fund, monetary policy, balance of payments, central bank, external financing
This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways....