Macroeconomic adjustment, stabilization, and growth in reforming socialist economies : analytical and policy issues
AbstractCurrent attempts at reform in Eastern European countries raise important issues of macroeconomic management in the transition from central planning to a market or mixed economy. This paper develops simple models, reviews empirical evidence and discusses policy issues associated with traditional socialist economies and those undergoing reform. Those issues involve inflation, growth, money overhang, disequilibrium in goods and labour markets and interactions between stabilization and growth.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 399.
Date of creation: 30 Apr 1990
Date of revision:
Economic Theory&Research; Environmental Economics&Policies; Banks&Banking Reform; Economic Stabilization; Municipal Financial Management;
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- Portes, Richard, 1986.
"The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies,"
CEPR Discussion Papers
91, C.E.P.R. Discussion Papers.
- Richard Portes, 1989. "The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies," NBER Working Papers 1875, National Bureau of Economic Research, Inc.
- Rudiger Dornbusch & Juan Carlos de Pablo, 1990. "The Process of High Inflation," NBER Chapters, in: Developing Country Debt and Economic Performance, Volume 2: The Country Studies -- Argentina, Bolivia, Brazil, Mexico, pages 77-91 National Bureau of Economic Research, Inc.
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