The Macroeconomic Effects of Fund-Supported Adjustment Programs
The evidence is reviewed on the macroeconomic effects of Fund-supported adjustment programs, and new estimates are provided of these effects for 69 developing countries with programs during 1973-88. The empirical analysis indicates that in the short run programs have led to an improvement in the current account and the balance of payments, a lowering of inflation, and a decline in growth. In the longer run the positive effects of programs on the external balance and inflation are strengthened, and the adverse growth effects reduced. There is also evidence of a positive link between macroeconomic stability and economic growth.
Volume (Year): 37 (1990)
Issue (Month): 2 (June)
|Contact details of provider:|| Web page: http://www.palgrave-journals.com/|
|Order Information:||Web: http://www.springer.com/economics/journal/41308/PS2|
When requesting a correction, please mention this item's handle: RePEc:pal:imfstp:v:37:y:1990:i:2:p:195-231. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.