MACROECONOMIC ADJUSTMENT IN DEVELOPING COUNTRIES: A POLICY PERSPECTIVE

Mohsin S. Khan

81 citations0/0 files storedThe World Bank Research Observer

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Global Financial Crisis and Policies Economic Theory and Policy

Abstract

Given the multiple objectives of a macroeconomic adjustment program, a package designed would typically include a variety of policy measures that simultaneously restrain aggregate demand and increase the availability of resources. These policy measures could be grouped as demand management policies, structural policies, exchange rate policies, and external financing policies. The pupose of this paper is to describe how such policies can be expected to achieve the goal of macroeconomic adjustment. The focus is primarily on the theoretical and empirical links between policy instruments and the ultimate objectives. An examination of these links is necessary before issues of the appropriate mix of demand management, structural, exchange rate, and external policies, and the sequencing of these policies in a program, can be properly addressed.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 81 citations exist upstream.

References

1974Are Government Bonds Net Wealth?1972Expectations and the neutrality of money 1974Money and Capital in Economic Development.1975"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule 1978Contractionary effects of devaluation 1983Development: Which Way Now?1977The monetary approach to the balance of payments 1996OPEN-ECONOMY MACROECONOMICS

Cited by

1996Growth in Sub-Saharan Africa 2000Centripetal Forces in China's Economic Take-Off 1989On the Sequencing of Structural Reforms 1989Growth-Oriented Adjustment Programs: A Conceptual Framework 1991Macroeconomic Models for Adjustment in Developing Countries 2021The Nigerian Economy: Response of agriculture to adjustment policies 1995Effects of macroeconomic policies on income growth, inflation, and output growth in Sub-Saharan Africa

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.