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Domestic Stabilisation and the Balance of Payments

In: Macroeconomic Management

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  • James Meade

Abstract

The purpose of this chapter is to consider the general principles to be followed by countries adopting national policies for the domestic stabilisation of their economies and in conducting their external financial relationships with other countries. The term domestic stabilisation refers to a level of high and stable economic activity — full employment — to be maintained and combined, if not with exact stability of some stated price index, at least with only a moderate, steady, nonexplosive rise in the general level of prices — to be called the control of inflation.

Suggested Citation

  • James Meade, 1995. "Domestic Stabilisation and the Balance of Payments," Palgrave Macmillan Books, in: Soumitra Sharma (ed.), Macroeconomic Management, chapter 5, pages 69-86, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24280-1_5
    DOI: 10.1007/978-1-349-24280-1_5
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