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Stabilizing the Soviet Economy

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Abstract

The proposals in our policy memorandum on economic stabilization -- a restrictive monetary policy and a fiscal policy that eliminates the government deficit -- are shaped by our view that the Soviet Union today faces a mounting economic crisis. As we emphasized in our discussion in the policy memorandum, problems include issues of inefficient economic structures, distorted prices, large macroeconomic imbalances, divided government, and lack of popular support for steps to stabilize and restructure the economy.

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File URL: http://cowles.econ.yale.edu/P/cd/d09b/d0982.pdf
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Bibliographic Info

Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 982.

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Length: 60 pages
Date of creation: Jun 1991
Date of revision:
Publication status: Published in Merton J. Peck and Thomas J. Richardson, eds., What Is to Be Done?, 1991, pp. 83-115
Handle: RePEc:cwl:cwldpp:982

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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

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Keywords: Government spending; budget deficit; Soviet Union;

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