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Saturday, May 9, 2020 | History

2 edition of IMF approach to economic stabilization found in the catalog.

IMF approach to economic stabilization

Michael Mussa

IMF approach to economic stabilization

by Michael Mussa

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Published by International Monetary Fund, Research Department in [Washington, D.C.] .
Written in English

    Subjects:
  • International Monetary Fund.,
  • Economic stabilization.

  • Edition Notes

    Other titlesInternational Monetary Fund approach to economic stabilization
    Statementprepared by Michael Mussa and Miguel Savastano.
    SeriesIMF working paper -- WP/99/104
    ContributionsSavastano, Miguel A., International Monetary Fund. Research Dept.
    The Physical Object
    Pagination41 p. :
    Number of Pages41
    ID Numbers
    Open LibraryOL18721388M

    Foreword. The use of macroeconomic models for the design of adjustment programs has a long history in the IMF. The IMF’s approach to economic stabilization, generally referred to as “financial programming,” is based to a large extent on the models developed in the Fund during the s and s by, among others, J.J. Polak and E. Walter Robichek. This book is a synthesis of recent work on the experiences of developing countries with stabilization programs. Critical of the orthodox "neoclassical" or "monetarist" approach of the IMF and the World Bank, the book advocates a structuralist macroeconomic theory approach, discussing how the IMF/World Bank market-oriented methodology can best be modified to deal with the macroeconomic linkages.

    This Handbook for Military Support to Economic Stabilization is Book Four in a set of five handbooks developed to assist the joint force commander design, plan, and execute a whole-of-government approach. Included with the series is an overview J7/J9 Pamphlet. Mar 24,  · Over the past two decades, the World Bank and International Monetary Fund (IMF) have undermined Africa’s health through the policies they have imposed. The dependence of poor and highly indebted African countries on World Bank and IMF loans has given these institutions leverage to control economic policy-making in these countries.

    As Ericson shows, rather than constituting an orthodox financial-stabilization program—a sort of precursor of the "neoliberal" reforms promoted by the IMF in the s and s—Matsukata's policies differed in significant ways from both classical economic liberalism and neoliberal orthodoxy. Address macroeconomic stabilization early on; it is an oft-overlooked priority. While no consensus exists on the exact sequencing of economic reforms, there is agreement that more attention must be paid to macroeconomic stabilization early on. This is critical for establishing a payment system, managing inflation, and laying down a basis for economic growth.


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IMF approach to economic stabilization by Michael Mussa Download PDF EPUB FB2

Show, largely reflect misconceptions about how the IMF approach oper- ates in reality, misconceptions that are partly due to the way the IMF describes its programs. To understand the IMF approach to economic stabilization and espe- cially how it functions in its quantitative aspects, it is first essential to.

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. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative.

Jul 01,  · 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.

The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of financial programming, Cited by: 7.

Note: Citations are based on reference standards. However, formatting rules can vary widely between applications and fields of interest or study. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied.

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.

The IMF Approach to Economic Stabilization Michael Mussa, Miguel Savastano. Chapter in NBER book NBER Macroeconomics AnnualVolume 14 (), Ben S. Bernanke and Julio J. Rotemberg, editors (p. 79 - ) Conference held MarchPublished in January by MIT.

Title: The IMF Approach to Economic Stabilization - WP/99/ Created Date: 8/26/ PM. Get this from a library. The IMF approach to economic stabilization. [Michael Mussa; Miguel A Savastano; International Monetary Fund. Research Department.] -- When the International Monetary Fund makes resources available to a member country to assist with adjustment of its balance of payments, it does so under an agreed arrangement (or program) specifying.

Economic stabilization in developing countries primarily concerns attempts to correct excessive or unsustainable balance-of-payments deficits, reduce the rate of domestic inflation, or both. "Frequently, stabilization efforts also involved exchange rate reform and changes in the systems of import protection and export incentives.

Downloadable. 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. The paper discusses the three-pronged approach to stabilization at the core of all IMF-supported programs, stresses the iterative character of “financial programming.

This paper explains the IMF approach to economic stabilization, with emphasis on its quantitative aspects. It argues that a Fund-supported program is a process, comprising six broadly defined phases, that evolves along a multiplicity of potential pathways delimited by the Fund's policies governing assistance to members and by the member's resolve to implement the measures needed to restore Cited by: Sep 08,  · The IMF Approach to Stabilization Policy Receiving financial support from the IMF for balance of payments difficulties is predicated upon an arrangement that governs the recipient country’s choice of economic policy (known as IMF conditionality).

BibTeX @MISC{Mussa00chaptertitle: author = {Michael Mussa and Miguel Savastano and Michael Mussa and Miguel Savastano}, title = {Chapter Title: The. ‘The International Monetary Fund (IMF) is one of the world’s most important economic institutions, especially in times of crisis.

Yet we lack a full understanding of how and why it operates as it does, and in particular of the political forces that affect angelstouch16.com: Mark S.

Copelovitch. Apr 27,  · Stunts by a few idealistic agitators during May Day protests in London will be met with widespread disdain this Wednesday. But in other parts of the world, resistance to fiscal policies foisted on Author: Nick Mathiason.

“This ambitious book captures vividly the daunting challenges facing policymakers in there is a thorough review of the stabilization, restructuring, and reforms to get us here and, more importantly, a forward-looking view. ©International Monetary Fund. Not. Part of the Social Policy in a Development Context book series (SPDC) Abstract The IMF Approach to Economic Stabilization.

IMF WP/99/ Google Scholar. Pogge, T.W. and S.G. Reddy. Chand S.K. () Can Monetary Approaches to Stabilization Be Pro-Poor?. In: Cornia G.A. (eds) Pro-Poor Macroeconomics. Social Policy in a Development Author: Sheetal K.

Chand. This book investigates the impact of International Monetary Fund (IMF) programmes on macroeconomic instability and economic growth in recipient countries.

Employing the New Institutional Economics approach as an analytical framework, it identifies the determinants of economic and political Author: Omer Javed. For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D).

This lively quarterly magazine brings you in-depth analyses of these and other subjects by the IMF's own staff as well as by prominent international experts. Medium-term growth can be enhanced by fiscal stabilization.

However, to date, no systematic effort has been made to study the specific channels through which fiscal stabilization affects growth. This paper examines the effect of fiscal stabilization on industrial growth and how this effect depends on different technological characteristics.

Bolivia joined the IMF on December 27, SinceBolivia has cooperated with the IMF to achieve social reforms and economic growth.

These efforts have involved strategies aimed at reducing poverty, increasing social equity, improving the education system, healthcare system, and expanding social services to rural populations and underserved urban communities.The book subsequently estimates the impact of these institutional determinants on real economic growth, both directly and also indirectly, through the channel of macroeconomic instability, in recipient countries.

Moreover, it illustrates the effectiveness of IMF programmes in the case of .Buy The Economic Impact of International Monetary Fund Programmes: Institutional Quality, Macroeconomic Stabilization and Economic Growth (Contributions to Economics): Read Books Reviews - Manufacturer: Springer.