Macroeconomic adjustment, stabilization, and growth in reforming socialist economies : analytical and policy issues
Current 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.
|Date of creation:||30 Apr 1990|
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- Richard Portes, 1986.
"The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies,"
NBER Working Papers
1875, National Bureau of Economic Research, Inc.
- Portes, Richard, 1986. "The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies," CEPR Discussion Papers 91, C.E.P.R. Discussion Papers.
- Rudiger Dornbusch & Juan Carlos de Pablo, 1990. "The Process of High Inflation," NBER Chapters,in: Developing Country Debt and Economic Performance, Volume 2: Country Studies—Argentina, Bolivia, Brazil, Mexico, pages 77-91 National Bureau of Economic Research, Inc.
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