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IMF Staff papers: Volume 34 No. 3
Author:
International Monetary Fund. Research Dept.
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Series:
IMF Staff Papers
Volume/Issue:
Volume 1987: Issue 002
Language:
English
Publication Date:
01 Jan 1987
DOI:
https://doi.org/10.5089/9781451972931.024
ISBN:
9781451972931
ISSN:
1020-7635
Pages:
168
Keywords:
SP; border trading; liberalization policy; price level; saving-investment correlation; world market level; Pensions; Pension spending; Social security contributions; Tax allowances; Aging; Sub-Saharan Africa; trade tax; exchange rate coordination; publications of the fund; coordination in the context; Monetary base
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In the middle of 1985 Argentina and Israel launched frontal attacks on inflation which succeeded in reducing it drastically during the first year without very significant costs in employment and output. Despite basic differences in the countries’ structures, the programs were similar in their design and their effects. This paper covers some of these similarities in the implementation and the results of the two stabilization programs, and analyzes the rationale of the underlying conception of the plans. The focus is on the strategy for the transitional period, and the ability of the programs to sustain price stability.
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Cover IMF Staff Papers
IMF Staff Papers
ISSN:
1020-7635
Publisher:
International Monetary Fund